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Lae of demand and its assumption?

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Lae of demand and its assumption?

Posted by Siddhant Rajput 6 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Rajat Katkani 6 years, 8 months ago

The law of demand states that there is a inverse relationship between the quantity demanded of a commodity and its price during a given period of time assuming that other factors remaining constant assumptions of it are first price of related goods remains constant second income of consumer remains constant there is no change is a taste and preferences of the consumer et cetera

Shivam Bahal 6 years, 8 months ago

Law of demand states that there is inverse relationship between own price of the commodity and its quantity demanded.

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