Explain the law of demand.

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asked Jul 3, 2020 109k views

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Andrey Semenov · Answer 1 · 2020-07-05T15:01:30+0000

In microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded ".

Explain the law of demand.

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