Write the definition for each of the following:
Law of Demand
Law of Supply
![1491_graphs.jpg](https://secure.tutorsglobe.com/CMSImages/1491_graphs.jpg)
Which of the following graphs best demonstrates the law of demand?
a) I
b) II
c) III
d) IV
Which of the following graphs best demonstrates the law of supply?
a) I
b) II
c) III
d) IV