What is law of Demand ? with diagram.
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The law of Demand states that, other things being equal, the quantity demanded increases with a decrease in own price of the commodity and vice versa.
# Hope this helps.
# Hope this helps.
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Law of demand states the relation between demand and prices of a good. Higher the price ,lower the demand and vice versa.
(Sometimes both are directly related and sometimes inversely. You will find this difference ,when you study it deeply)
Relation between price and demand.
In the case of necessities, when there is a rise in price,there comes a fall in its demand and vice versa. Here demand and price are inversely related.
Relation between demand and price.
There are few goods for which , when demand rises price also rises and when demand falls price falls.
second definition
Law of demand states that their is inverse relationship between price and quantity demanded.
As prices rises of commodity say X , quantity demanded of that commodity X decreases
& vice versa for fall in price !
(Sometimes both are directly related and sometimes inversely. You will find this difference ,when you study it deeply)
Relation between price and demand.
In the case of necessities, when there is a rise in price,there comes a fall in its demand and vice versa. Here demand and price are inversely related.
Relation between demand and price.
There are few goods for which , when demand rises price also rises and when demand falls price falls.
second definition
Law of demand states that their is inverse relationship between price and quantity demanded.
As prices rises of commodity say X , quantity demanded of that commodity X decreases
& vice versa for fall in price !
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SimranCreative:
copied from Google =_=
lol !!!!
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