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17 January, 05:53

What is law of demand?

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  1. 17 January, 06:01
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    The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.
  2. 17 January, 06:10
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    As prices rise quantity demand falls as prices fall quantity demans rises inverse relationship?
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