Subject:
Combination of desire, ability, and willingness to buy a product Microeconomics examines how economic decisions and behaviors affect the supply and demand for goods and services, which in turn determines prices, which then dictate the supply and demand of goods and services Listing showing the quantity demanded at all possible prices that might prevail in the market at a given time Graph showing the quantity demanded at each and every possible price that might prevail in the market at a given time A rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship between price and quantity demanded The Law of Demand states that more of a product will be purchased at low prices than at high prices
