Law of Demand indicates the direction and amount of change in demand of a commodity due to change in its price.

Law of Demand indicates the direction and amount of change in demand o

1.	Law of Demand indicates the direction and amount of change in demand of a commodity due to change in its price.
Answer» <html><body><p></p>Solution :Law of <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> only <a href="https://interviewquestions.tuteehub.com/tag/indicates-1041501" style="font-weight:bold;" target="_blank" title="Click to know more about INDICATES">INDICATES</a> the <a href="https://interviewquestions.tuteehub.com/tag/direction-1696" style="font-weight:bold;" target="_blank" title="Click to know more about DIRECTION">DIRECTION</a> of change in demand and not the <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> or magnitude of change.</body></html>