What does the law of demand propose?

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26-02-2019
Advanced Placement (AP)

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What does the law of demand propose?

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kitkatkittykat2021 kitkatkittykat2021 · Answer 1 · 2019-02-26T17:21:21+01:00

kitkatkittykat2021 kitkatkittykat2021

26-02-2019

The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.

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