2. How does the law of demand really work in market? Take example of any product and explain in detail, with the change

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answerhappygod
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2. How does the law of demand really work in market? Take example of any product and explain in detail, with the change

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2. How does the law of demand really work in market? Take example of any product and explain in detail, with the change in price how demand fluctuate in the market. Draw demand schedule and demand curve to justify your answer
3. Provide a situation where “more than unit elastic demand” is shown. Illustrate your answer by presenting suitable consumer product
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