Define a term law of Demand?

Q: define a term law of Demand?

Law of Demand :

There is a direct negative or inverse relationship between demand and the price of commodity .law of demand can be defined as:

           ‘’If other  things remain  same as the   price of commodity increases,

           its demand decreases and when the price of the commodity decreases

           Its demand increases”

Draw a Demand Curve with the help of a Schedule. 

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Define Demand