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The Law of Demand - HD

Our study of market economies requires us to examine both the demand-side? and the ?supply-side? of product and resources markets. Buyers and sellers interact with one another to engage in mutually beneficial exchanges in a market economy, and prices are set based on the demand and supply for a particular good, service or resource. This video lesson presents the ?law of demand?, and explains how the demand curve can illustrate this fundamental economic concept.
Length: 06:18


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