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What is the law of demand?

The law of demand states that as the price of a good or service rises the quantity demanded will subsequently decrease. Opposingly, lower prices cause an increase in quantity demanded. 

Nadia H. IB English Literature tutor, IB Economics tutor, GCSE Biolog...

1 year ago

Answered by Nadia, who has applied to tutor IB Economics with MyTutor


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Modupeola A.

Degree: Accounting and Finance (Bachelors) - Edinburgh University

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Nadia H.

Degree: English (Bachelors) - Bristol University

Subjects offered:Economics, Psychology+ 4 more

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