Economy, asked by ay8197626, 8 months ago

What is Law of demand...explain it..?​

Answers

Answered by Anonymous
0

Answer:

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

#gundi..✌✌

Answered by Anonymous
2

Answer:

HEYA HERE IS UR ANSWER☺️❤☺️❤

Explanation:

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

Hope it helps uh☺️

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