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What is demand schedule i.e. Economic law of demand

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What is demand schedule i.e. Economic law of demand
posted Mar 13, 2018 by Clêmëñt Ükââ Møsës

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1 Answer

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Law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases ; conversely, as the price of a good decreases, quantity demanded increases". In other words, the law of demand describes an inverse relationship between price and quantity demanded of a good.

answer Mar 13, 2018 by Salil Agrawal
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