Define the law of demand in a perfectly competitive market

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asked Apr 17, 2017 81.9k views

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Duwayne · Answer 1 · 2017-04-22T13:05:34+0000

is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa

Define the law of demand in a perfectly competitive market

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