When prices drop, demand increases, other things being equal. The link between price and amount desired is represented by the law of demand.
They refer to this as the Law of Demand. The quantity demanded decreases as the price rises (but demand itself stays the same). Demand rises in proportion to price decline. This is the Demand Law.
The amount required is a quantity per unit of time. As an illustration, the daily or monthly amount. Keeping other things constant • When a good's price increases, less of it is being demanded. When a good's price declines, more of that good is being demanded.
The demand curve, or simply the demand, is the relationship between the quantity demanded and the price.
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