Question

what is law of demand.explain by graph..?

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Answer 1

Answer:

The law refers to the direction in which quantity demanded changes with a change in price. On the figure, it is represented by the slope of the demand curve which is normally negative throughout its length. The inverse price- demand relationship is based on other things remaining equal.

Explanation:

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Answer 2

Answer:

The law of demand expresses a relationship between the quantity demanded and its price. ... On the figure, it is represented by the slope of the demand curve which is normally negative throughout its length. The inverse price- demand relationship is based on other things remaining equal.