write the low of demand
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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.
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Explanation:
Definition: 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. ... This happens because a consumer hesitates to spend more for the good with the fear of going out of cash.
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