Economy, asked by kumarprachi155, 9 months ago

what type of relationship do price and demand have​

Answers

Answered by jatin910
0

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 jayyanthjaya
0

if we demand for something like sugar salt or something else we have to pay a price for it so when we demand something there is a price for it so there is relationship with price and demand ok

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