ECO 372 Week 1 participation Principles of Macreconomics, Ch. 6: Supply, Demand, and Government Policies

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ECO 372 Week 1 participation Principles of Macreconomics, Ch. 6: Supply, Demand, and Government Policies
ECO 372 Week 1 participation Principles of Macreconomics, Ch. 6: Supply, Demand, and Government Policies
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ECO 372 Week 1 participation Principles of Macreconomics, Ch. 6: Supply, Demand, and Government Policies

Law of Demand

Law of demand is an important law in economics. It gives relationship between price and quantity demanded. It has practical applications. All participants should be clear what is law of demand and what is practical significance of law of demand.