Law of Demand

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σε πρόσθεσε στο Financial Services

2023-01-25 14:05:14 -

Law of Demand

Key points The law of demand states that a higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded. Demand curves and demand schedules are tools used to summarize the relationship between quantity demanded and price. Demand for goods and services Economists use the term demand to...