Why does the law of demand …
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Posted by Suhail Farooq 7 years, 1 month ago
- 2 answers
Yogita Ingle 7 years, 1 month ago
The law states that other things remaining constant, quantity demanded of a commodity increases with a fall in its own price and diminishes with a rise in its own price, i.e. there exist a inverse relationship between price and quantity demanded. Geometrically, it is represented by a downward sloping demand curve.
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Abhishek Nayal 7 years, 1 month ago
0Thank You