What is relationship between price and demand ?
(a) Positive
(b) Negative
(c) Equal
(d) Zero
Answers
Answered by
2
Answer:
Law of demand states: As price of a good increases, the quantity demanded of the good falls, and as the price of a good decreases, the quantity demanded of the good rises, ceteris paribus. Restated: there is an inverse relationship between price (P) and quantity demanded (Qd).
Answered by
0
Answer:
Hey ansh patel your ans is here
Explanation:
Negative (inverse)
Because if price increase demand decrease and if price decrease the demand will increase.
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