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2015-01-04T14:11:39+08:00

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Law of demand  other things equal, as price falls, the QUANTITY DEMANDED rises, and as price rises, the quantity demanded falls.
in short, there is a negative  or inverse relationship between price and quantity demanded. economists call this inverse relationship the law of demand.
EXPLANATION BEHIND THE LAW OF DEMAND
the law of demand is consistent with commom sense. people ordinarily do buy more of the product at a low price than a higher price.
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