1.

What is law of demand ?? And assumptions

Answer»

Heya....

See here for your answer....

===================

What is law of demand ??

Ans --

This is the law states that , other things remaining CONSTANT then there is an invite RELATIONSHIP between the own price and the quantity demanded of the COMMODITY....

Assumptions of law of demand --

√ The price of related GOODS remains constant...

√ Income of the consumer doesn't change...

√ Consumer doesn't give preference to his Tastes..

√ Future expectations of the goods avaibility remains unchanged..

THANK you



Discussion

No Comment Found