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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...

12 months ago

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


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“My name is Anna Liisa Jalakas and I am a biomedical sciences student. I completed my IB diploma in June of 2016 where I achieved a total of 40 points with a 7 in Biology and Economics, and a 6 in Chemistry. I also have IGCSE qualifica...”

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