Question

what is the law of demand​

Answer 1

Answer:

In microeconomics, the law of demand is a fundamental principle which states that, "conditional on all else being equal, as the price of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase"

Answer 2

It states that other factors being constant price and quantity demands of any good and services are inversely related to each other.

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