Law of Demand:
Law of demand says that price and demand are inversely related. When the price of product decreases then demand increases. Similarly when the price of product increases then demand decreases.
Example:
When I am in my home I help my father in his Cement business. There I have seen the customer's behavior. Customer is willing to buy more cement when the price of cement bag is less and buys more that is demand is increases. And when the price of cement is more then he buys less that is demand decreases. This is known as Law of demand
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