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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...

9 months ago

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


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Zyad A.

Degree: Philosophy Politics & Economics (Bachelors) - Warwick University

Subjects offered: Economics, Business Studies+ 1 more

Economics
Business Studies
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“About Me: I am a Philosophy, Politics & Economics student at the University of Warwick. I have always had a real passion and love for all things 'Economics' and hope that my tutorials will instill that love in you, too. I am very ent...”

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Stefano R.

Degree: BSc Economics and Politics (Bachelors) - Queen Mary, London ('15) University

Subjects offered: Economics, Politics+ 4 more

Economics
Politics
Mandarin
Italian
Government and Politics
Environmental Studies

“I am currently studying economics and politics at Queen Mary University. I have always cultivated a passion for human sciences, and hopefully I will be able to pass that passion on to you. Having lived in China and London throughout th...”

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Becky L.

Degree: Economics (Bachelors) - Warwick University

Subjects offered: Economics, Maths

Economics
Maths

“Hi, I'm Becky and I'm a second year Economics student at the University of Warwick!  About Me I've always loved Maths, but am also pretty creative, too - I think that's why I decided to study economics. I did the 11+, got good grades...”

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Nadia H.

Degree: English (Bachelors) - Bristol University

Subjects offered: Economics, Psychology+ 3 more

Economics
Psychology
English Literature
Biology
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