Law of Demand: Difference between revisions

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{{Learning concept
{{Learning concept
|Description=The inverse relationship between the price and the quantity demanded of a commodity per time period.  
|Description=The inverse relationship between the price and the quantity demanded of a commodity per time period.
|Wikipedia reference=http://en.wikipedia.org/wiki/Law_of_demand
}}
}}

Latest revision as of 15:00, 31 March 2014

Description

The inverse relationship between the price and the quantity demanded of a commodity per time period.

Concept Prerequisite

Wikipedia Reference

http://en.wikipedia.org/wiki/Law of demand

Learning Material

Covered in Topic(s)

 
Demand Theory