Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice demanded decreases. This confirms the
Law of demand.
Law of demand states that other things remaining the same, there is inverse relationship between price of commodity and its quantity demanded. Increase in price of juice causes decrease in its quantity demanded and vice-versa.
Get Answers For Free
Most questions answered within 1 hours.