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What is the definition of law of demand

User Sharene
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Answer:

at a higher price consumers will demand a lower quantity of a good

Step-by-step explanation:

User Alan Jenshen
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The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. The reason for this phenomenon is that consumers' opportunity cost increases, so they must give something else up or switch to a substitute product
User Ahmed Ali
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