According to the research, the basic principle of the law of demand determines the existing demand for a product in the market.
What is the basic principle of the law of demand?
This principle is interested in the relationship between price and quantity of the existing demand in a given market, this being inversely proportional, that is, the quantity demanded is inversely proportional to the price of the good.
This law does not take into consideration the production process, but the economic conditions of the buyer.
Therefore, we can conclude that according to the research, the basic principle of the law of demand determines the existing demand for a product in the market.
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