according to the law of demand, the quantity demanded of any commodity is related to its price, other things…
according to the law of demand, the quantity demanded of any commodity is related to its price, other things being equal. a. directly b. inversely c. proportionately d. positively
Answer
Brief Explanations:
The law of demand states that, ceteris paribus (other things being equal), as the price of a commodity increases, the quantity demanded decreases and vice - versa. This indicates an inverse relationship.
Answer:
B. inversely