Antandrew420
Antandrew420 Antandrew420
  • 14-10-2020
  • Business
contestada

List the ​3 reasons​ why the ​Law of Demand​ occurs.

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cheyennefull
cheyennefull cheyennefull
  • 14-10-2020

Answer: Substitution Effect

Income Effect

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Different Uses:

Explanation:

The Law of Demand explains the downward slope of the demand curve, which posits that as the price falls the quantity demanded increases and as the price rise, the quantity demanded decreases, other things remaining unchanged.

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