Question

what is law of demand
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Answer 1

Answer:

In microeconomics, the law of demand is a fundamental principle which states that, "conditional on all else being equal, as the price of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase".

Answer 2

Explanation:

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price.