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.
Ajay buys an old desktop for Rs. 6200 and spends Rs. 400 on its repairs. If he sells the desktop for Rs. 7000, his gain percent is
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