what remains constant in law of demand
Answers
Answered by
2
Answer:
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. When the price of a product increases, the demand for the same product will fall.
Answered by
0
A constant law of demand is when any factors such as price and quantity in any two products are inversely related to each other. When the price of one item increases, the more people wanting to buy it (the demand) will drop :)
The person who answered it before me copied it straight from google. The proof is the photo at the top :)
Attachments:
Similar questions