S E8: The Law of Demand - How You Choose to Buy
Think Like An Economist
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Demand Is All About Buying Decisions
The law of demand tells us that the lower the price, the greater the quantity that people will buy. If you want to make smart buying decisions, my advice is to follow the logic behind the rational rule for buyers. It also depends on their income, on the price of substitute or complementary goods and on preferences.
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