what is law of demand.Explain with the help of graph?.
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Definition of 'Law Of Demand' Definition: 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. ... The above diagram shows the demand curve which is downward sloping
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Explanation:
Definition of 'Law Of Demand' Definition: 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. ... The above diagram shows the demand curve which is downward sloping.
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