Define law of demand?
Question
Updated 94 days ago|5/13/2018 12:10:12 PM
This conversation has been flagged as incorrect.
Edited by yumdrea [5/13/2018 11:52:57 AM], Flagged by yumdrea [5/13/2018 11:52:59 AM]
Original conversation
User: Define law of demand?

Weegy: In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay. The term demand signifies the ability or the willingness to buy a particular commodity at a given point of time.
josh_josue|Points 265|

Question
Updated 94 days ago|5/13/2018 12:10:12 PM
This conversation has been flagged as incorrect.
Edited by yumdrea [5/13/2018 11:52:57 AM], Flagged by yumdrea [5/13/2018 11:52:59 AM]
Rating
3
The 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 ( )"
Added 94 days ago|5/13/2018 12:10:12 PM
Confirmed by jeifunk [5/14/2018 4:24:49 PM], jeifunk [5/14/2018 4:24:49 PM]

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