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Give an example of when you’ve seen the law of demand working in real life

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User Yany
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Answer: The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

I wanted to buy a biro sometimes ago. The biro normally cost 50 Naira, I wanted to buy two biros for 100 naira. On getting to the shop, I was informed the biro now costs 30 naira. Due to the reduction in price, I bought 3 instead of 2.

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User Cef
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