147k views
4 votes
DESCRIPTION OF THE LAW OF DEMAND

User Hirvesh
by
8.6k points

1 Answer

7 votes

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded

User SteveM
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.