Question

what is law of demand

Answer 1

In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded decreases (↓); conversely, as the price of a good decreases (↓), quantity demanded increases (↑)".

Answer 2

In microeconomics the law of demands states that conditional on all else being equal as the price of good increase n quantity demand decrease, conversely as the price of good decrease quantity demanded increase