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The Law of Demand is called a law because
Business
Posted by answersmine
QUESTION POSTED AT 02/12/2019 - 07:58 AM
Answered by answersmine AT 02/12/2019 - 07:58 AM
The Law of Demand
is a microeconomic
law
that states, all other factors being equal, as the price of a good or service increases, consumer
demand
for the good or service will decrease, and vice versa.
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