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law of downward-sloping demand [1 record]

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Record 1 2015-03-02

English

Subject field(s)
  • Laws of the Market (Economy)
OBS

The law of downward-sloping demand: When the price of a good is raised (at the same time that all other things are held constant), less of it is demanded. Or, what is the same thing: If a greater quantity of a good is put on the market, then - other things being equal - it can be sold only at a lower price.

French

Domaine(s)
  • Lois du marché (Économie)

Spanish

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