define law of demandnb swer quantity


Define law of demand. 

Answer:   Quantity demanded increases as price falls, other things constant. In other words, "Other things remaining the same, when the price of a good rises then quantity demanded of a good tend to contract and when the price of a good declines then the quantity demanded of it tend to expand."

 

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: define law of demandnb swer quantity
Reference No:- TGS0328175

Expected delivery within 24 Hours