Home » Classroom » SS1 Economics Price system, Demand – Meaning, Schedules, Curves, Laws Question

State the law of demand - SS1 Economics Price system, Demand – Meaning, Schedules, Curves, Laws Question

State the law of demand

The law of demand states that as the price of a good or service increases, the quantity demanded decreases, and vice versa.

Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses