Meaning of DEMAND, LAW OF in English

DEMAND, LAW OF

Other things being held constant, the lower the price of a good (or service), the greater the quantity of it that will be demanded by purchasers at any given time.

[See also: demand curve , demand schedule , demand , law of supply ]

English glossary of political economy terms.      Английский глоссарий политико-экономических терминов.