English

What is Law of demand?

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Question

What is Law of demand?

Very Short Answer
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Solution

The law of demand states that, other factors remaining constant, price and quantity demanded are inversely related.

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Chapter 3: Demand - OBJECTIVE QUESTIONS [Page 3.45]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 3 Demand
OBJECTIVE QUESTIONS | Q 11. | Page 3.45
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