asked 134k views
25 votes
The first law of demand
states​

asked
User Wronex
by
8.7k points

1 Answer

3 votes

Answer:

The law of demand states that the quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded.

Step-by-step explanation:

I honestly have no explanation, my high school friend told me and he learned this a LONG time ago.On the first day, to be exact.

answered
User Laughton
by
7.7k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.