0
It helps to Determination of price. The study of law of demand is useful for a trader to fix the price of a commodity. And also law of demand explains consumer choice behavior when the price changes.
Wiki User
∙ 6y ago
Add your answer:
Earn +20 pts
What is the importance of law of demand?
determination of priceimportance to finance ministerto the farmer
Law of demand its types with examples?
it states that higher the price lower the quantity demand and vice versa.other things remain constant qdx=f(p)
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
What are importance of elasticity of demand in economics?
Importance of elasticity in economics
Define law of demand?
the law of demand state there is a negative or inverse relation ship
What is an exampe of a law of demand?
law f exponent
What is the importance of law of demand?
determination of priceimportance to finance ministerto the farmer
What is demand and law of demand?
The law of demand is that when you demand something you MUST say please and thank you, it's the law.
Law of demand its types with examples?
it states that higher the price lower the quantity demand and vice versa.other things remain constant qdx=f(p)
What is derivation of law of demand?
Law of demand is the higher the price the lower of goods demand for
Law of demand and supply?
Consumers is the law of supply and demand.
Why does the law of demand hold?
why does the4 law of demand holds
What are importance of elasticity of demand in economics?
Importance of elasticity in economics
Example of law of demand?
marketing is a great example of law of demand
Define law of demand?
the law of demand state there is a negative or inverse relation ship
How is law of demand related to the demand curve?
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.
How is the law of demand related to the demand curve?
Law of demand is the reason of the downward sloping of demand curve.Law of demand states the inverse relationship of demand of a commodity and it's price,and demand curve represents this inverse relationship of demand and price.So in this way they both are related.
