Economy, asked by gopaljigupta848487, 10 months ago

what is law of dimand ?​

Answers

Answered by Dheerajnaik46257
1

Explanation:

Law of demand

DescriptionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases".

Answered by djalok28
0

Explanation:

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

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