what is law of demand
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Question:
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- What is law of Demand?
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Answer:
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- 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".
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Explanation:
the law of demand is a fundanmetal principle which states that, conditional on all things which are being equal.
In a simple way,
if a disscussion is going, between two land owners and that disscussion is not stopping, the disscussion is going to the deep, so, that times of matter we can go to the law of demand principle. then it will resolve with only one statement.
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