The law of demand with the help of a hypothetical numerical example or schedule

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asked Jan 9, 2024 176k views

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Akshay Soam · Answer 1 · 2024-01-14T02:28:48+0000

the price of apples increases from $1.00 to $2.00 per apple, the quantity demanded of apples decreases from 10 to 2 apples per day. This illustrates the law of demand and highlights the inverse relationship between price and quantity demanded.

The law of demand with the help of a hypothetical numerical example or schedule

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