According to the law of demand, during a given period of time, the quantity of a good demanded.

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asked Sep 4, 2023 213k views

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Arjun Gulyani · Answer 1 · 2023-09-08T10:24:18+0000

Answer:

The Law of demand expresses the relationship between price and quantity demanded of a given commodity. It states that “ the quantity demanded increases with a fall in price and diminishes with rising in price, other things being equal.” This happens because of the law of diminishing marginal utility.

Step-by-step explanation:

According to the law of demand, during a given period of time, the quantity of a good demanded.

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