What does Law of Demand mean?
Economic principle stating that as price increases, consumer demand decreases.
The Law of Demand states that quantity demanded falls as its price rises.
Law of Demand in German, French, Spanish and Italian
GermanGesetz der Nachfrage
Beschreibt den umgekehrten Zusammenhang zwischen Preis und Nachfragemenge.
FrenchLoi de la demande
Principe voulant que la demande baisse quand le prix augmente.
SpanishLey de la demanda
Establece que a mayor precio, menor es la cantidad demandada.
ItalianLegge della domanda
Relazione inversa tra il prezzo di un bene e la quantità domandata.
Common phrases with Law of Demand
- according to law of demand
- fundamental principle law of demand
- quantity demanded law of demand