Let us know how the Law of Demand works by an easy example which happens in day to day life.
When Cafe Coffee Day increases the price of a coffee from Rs. 150- 250 ,the quantity demanded will decrease. So,the number of people buying coffee will also become less. Some people will also like to do their coffee by their own.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
Saturday, September 1, 2018
Law of Demand
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