Question

What is Law of demand?

Answer 1

Definition: The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.- google

Answer 2

@CocoCammron Thnx

Answer 3

Your Welcome

Answer 4

The higher the cost, the more people are going to want the good. They just have a small income to invest so when the price of a good is lower, people will buy more.

Answer 5

Thnx @justus

Answer 6

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Dileiny
Thnx @justus
\(\color{#0cbb34}{\text{End of Quote}}\)
Ay np