MindMap Gallery Law of Demand

Law of Demand

This is a mind map introducing information relevant to the law of demand. The law of demand is a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of a good. The income of consumers and consumers' expectations are the two determinants of demand, while the cost of factors and taxes on products are the two determinants of supply. You can check other details on the mind map and try EdrawMind to design a new one for your learning.

Edited at 2021-09-14 17:54:29

Law of Demand

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