A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer demand for the good or service will decrease and vice versa.
Limited Government
It's a pretty basic concept learned in school. As more people demand a product, the availability of the product decreases. Therefore, causing the price of the product to increase with the demand.
If a product is in high demand, the chances are good that the seller of that product is going to increase the price. It is a basic principle of economics.
Law of demand is the higher the price the lower of goods demand for
The first basic law of supply and demand is: If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. So the price goes up.
Supply and demand is the economic principle that decides how high wages will be
Nicolas Steno proposed the most basic principle of relative dating, known as the law of superposition:
it is called a principle not the principal for your school though
Supply and demand is the economic principle that decides how high wages will be
Limited Government
yes
yes
Nicolaus Steno proposed the most basic principle of relative dating, the law of superposition. Nicolas Steno was a scientist, as well as a Catholic bishop.
Nicolaus Steno proposed the most basic principle of relative dating, the law of superposition. Nicolas Steno was a scientist, as well as a Catholic bishop.
Constitutionalism
The law of demand states that all other things being equal, as the price of a commodity falls quantity demanded increases and vice versa.
It's a pretty basic concept learned in school. As more people demand a product, the availability of the product decreases. Therefore, causing the price of the product to increase with the demand.