Antandrew420 Antandrew420

14-10-2020
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List the 3 reasons why the Law of Demand occurs.

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cheyennefull cheyennefull

14-10-2020

Answer: Substitution Effect

Income Effect

Additional Customers

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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