Define Law of demand
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Posted by Supreet Singh 6 years, 7 months ago
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Yogita Ingle 6 years, 7 months ago
Law of Demand 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.
Harmeet Kaur 6 years, 7 months ago
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Suman Sharma 6 years, 7 months ago
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