4. What is the law of demand?

Question

asked Feb 3, 2022 211k views

1 Answer

Heath · Answer 1 · 2022-02-09T02:04:24+0000

Answer:

The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.

4. What is the law of demand?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions