laws of demand

A form of law of demand — A principle which states that there exists an inverse relationship between the price of a good and the quantity demanded, such that as the price rises, the quantity demanded falls, and vice versa.

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Meanings

noun
  1. pluralplural of law of demand
Cite this entry
APA

laws of demand. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/laws%20of%20demand

MLA

“laws of demand.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/laws%20of%20demand. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “laws of demand,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/laws%20of%20demand.

Source: laws of demand on Wiktionary, CC BY-SA 4.0.