Question

What is law of demand ??? Assumptions???

Answer 1

Heya.....

See here for your answer....

==============
======================

Law of demand States that,,,,

There is an inverse relationship between the price and the quantity demanded for a commodity when other things remains constant.....

Assumptions of law of demand....

"" Price of related good doesn't matter....

"" income of buyer remains constant...

"" No mean to future expectations for demand....

" Taste and favour does not impact...

-- Be Brainly.....

Answer 2

Mate!!!

Law of demand states that the price and the quantity are inversely proportion to each other and the things remains constant i.e the price and the quantity have inverse relationship.

1. The rate of things is not dependent on quantity.

2. The source of income remains constant.

3. No impact and effect of future on the commodity.

#hōpelēss_rōmantīc ❣