Question
As per law of demand, the quantity demanded of a normal
product increases with _____Solution
Law of demand ·        It explains relationship between the quantity demanded of a commodity and its unit price. ·        As per it, demand varies inversely with price, other thing being equal. ·        rise in the price of a commodity or service is followed by a reduction in the quantity demanded and fall in the price is followed by extension in demand, with other conditions remaining the same.
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