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OpenStudy (anonymous):
Can you help me understand what "The law of demand" means? Because I had to make a graph showing how the line goes downward and it confused me.
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OpenStudy (anonymous):
When prices are high, demand is low. When prices are low, demand is high... as goes the law of demand. |dw:1348648712317:dw| When the price is $6, quantity demanded is 1 When the price is $2 the quantity demanded is 4
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