What is law of demand ? – InterviewSolution

InterviewSolution

1.	What is law of demand ?
Answer» tion:In microeconomics, the LAW of DEMAND is a fundamental principle which STATES that, for ordinary GOODS, "conditional on all else being equal, as the PRICE of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase".

Discussion

No Comment Found

Related InterviewSolutions

How to give answer for other question s
In a country, there is a famous ship company. Hundreds of workers workhere. All of them belong to a culture where they help each other. The environment in the company is about helping each other thus leading to a great environment in the company. However the company lacks professionalism. Most of the workers are school dropouts and they hardly know how to make their work synchronized as a team. Failing of plans is common in this company
Help pleaseeeeeeeeeeee
Find the correlation coefficient between X and Y
Compute the inverse of the following matrix. its an 5 mark question
Compute the inverse of the following matrix
Every public company must have at least
Compute the inverse of the following matrix.
What is lower pair? polytechnic engineering ka question hai
What are some challenges you think the next generation will face?