Question

What is law of demand ?​

Answer 1

Explanation:

In microeconomics, the law of demand is a fundamental principle which states that, for ordinary goods, "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:

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In microeconomics, the law of demand is a fundamental principle which states that, for ordinary goods, "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".