Question

why law of demand holds​

Answer 1

Answer:

Hope this helps you.

Explanation:

The Substitution effect is seen when the quantity demanded for one commodity changes due to the change in the price of other closely related commodity. Thus, the increase in demand due to the increase in the real income is called as the income effect.

Answer 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.
I hope this will help you