• Law of Demand DEMAND • Quantity demanded is the amount of a good that buyers are willing and able to purchase. – The law of demand states that, other things equal, the quantity demanded of a good falls when the price of the good rises.
• Law of DemandDEMAND• Quantity demanded is the amount of a good that buyers are willing and able to purchase.– The law of demand states that, other things equal, the quantity demanded of a good falls when the price of the good rises.