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#cfa #economics
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 encyclopedia
of 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. [1] There are, however, some possible exceptions to the law of demand (see Giffen goods and Veblen goods). Contents 1 Mathematical expression 2 Graphical depiction 3 Except


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