Question

Write  in  a  paragraph.
1.  With  the  help  of  a  table  explain  the  law  of  demand

TNSCERT Class 9 Economics Ch.1 Demand and Supply

Answer 1

Yeah it's simple the law of demand can be satisfied that firstly we can start it with a simple example a shopkeeper solds a pen for Rs5 each pen to 100 students in a day and as the goes high of that pen then the shopkeeper brings 50pens and solds it for Rs.10 just only because of demand and the supply is less this satisfies the laws of demand and supply .