The factors held constant in Law of Demand relationship are the prices of other goods and the consumer's income
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Law of demand - Wikipedia, the free encyclopediaof a product decreases (↓), quantity demanded increases (↑). In simple words,law of demand means inverse relationship between price and quantity of demand.There is a negative relationship between the quantity demanded of a good and its price. <span>The factors held constant in this relationship are the prices of other goods and the consumer's income.  There are, however, some possible exceptions to the law of demand (see Giffen goods and Veblen goods).
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