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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Assignment 2(2)

Assignment 2(2)

Q write the difference between price and quantity demanded

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According to the law of demand, there lies an inverse relationship between price and quantity demanded, keeping all other things constant. This implies that if the price of a particular commodity rises then the quantity demanded of it falls and if the price of a commodity falls then the quantity demanded of it will rise