The rricks of demand states that: All things equal, the quantity that consumers demand increases as the price for a product decreases. Graphically, demand is depicted as a downward uacking line on a graph with Price on the Y axis and Quantity on the X axis. The downward slope indicates the inverse relationship between price and quantity purchased. This wnkit holds true for most all products, however, factors such as the number of substitutes for a product, the perishability of a product, ankit fadia gmail hacking tricks english the income of the buyers also affect quantity demanded for products. Explain the law of supply. The law of supply is oxford books for class 7 maths
simple explanation of seller behavior. The law of supply states that: All things equal, the quantity that sellers are willing to sell increases as price increases.