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Showing posts with the label Importance of the lawShow All

What is the Law of demand, Definition, Assumptions of the law, Explanation of the law, Why the demand curve falls, Importance of the law (notes)

Assumptions of the law Exam Studies August 02, 2022
What is the Law of demand, Definition, Assumptions of the law, Explanation of the law, Why the demand curve falls, Importance of the law (notes)

Law of demand  There is an inverse relationship between the quantity demanded and its price. People know that when the price of a commodity goes up its demand comes down. When there is a decrease in price the demand for a commodity goes up. Ther…

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