170k views
4 votes
List the ​3 reasons​ why the ​Law of Demand​ occurs.

1 Answer

7 votes

Answer: Substitution Effect

Income Effect

Additional Customers

Different Uses:

Step-by-step explanation:

The Law of Demand explains the downward slope of the demand curve, which posits that as the price falls the quantity demanded increases and as the price rise, the quantity demanded decreases, other things remaining unchanged.

User Crown
by
8.1k points

No related questions found

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

9.4m questions

12.2m answers

Categories