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| 1. |
What is the main aim of law of demand |
| Answer» In simple words law of demand when price increases, then its demand decrease. And when prices decrease it\'s demand increases<br>The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This phenomenon occurs because when consumers\' opportunity cost increases, they must give something else up or switch to a substitute product. | |