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. 2012