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Explain the law of demand

User Ashansky
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2 Answers

2 votes

Answer:

demand for a product goes up as the price goes down.

Step-by-step explanation:

just took the test

User Stibu
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3 votes

Answer:

Definition: 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.

Step-by-step explanation:

ummm hope this helps...

(¯~¯)

User Ebneter
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