Economics · Basic Concepts of Economics

The Law of Demand states that there is an inverse or negative relationship between ________.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1supply of a commodity and its price
2tax on a commodity and its price
3demand for a commodity and its price✓
4demand for a commodity and its supply

Correct answer

demand for a commodity and its price

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The Law of Demand states that there is an inverse or negative relationship between ________.

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The Law of Demand states that there is an inverse or negative relationship between ________.

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