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18 May, 18:40

What does the term "demand relationship" mean? How does price affect demand? (Site 1)

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  1. 18 May, 18:55
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    Price and demand have an inverse relationship. The law of demand states when the price of a good goes up, the demand of that good will go down, and vice versa if the good's price goes down.
  2. 18 May, 19:07
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    Price and demand have an inverse relationship. The law of demand states when the price of a good goes up, the demand of that good will go down, and vice versa if the good's price goes down.
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