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Law of demand - How To Discuss

Author

James Austin

Updated on June 02, 2026

Law of demand,

Definition of Law of demand:

  1. Observation that, as a general rule, the demand for a product varies inversely with its price; lower prices stimulate demand and higher prices dampen it. Law of demand holds in most instances, except in case of Giffen good.

How to use Law of demand in a sentence?

  1. The Chips Ahoy cookies have been on sale recently which makes me think the Law of Demand for them must be getting higher.
  2. One can analyze the process of the exchange of goods and services but if they ignore the law of demand they would be mistaken.
  3. If your business is going well and you cant keep the products on the shelf then the law of demand dictates you raise the price.

Meaning of Law of demand & Law of demand Definition

Law Of Demand,

Law Of Demand Definition:

Brian Barnier is the chief analyst at Value Bridge Advisors, co-founder and editor-in-chief of Fedishboard.com, and a visiting professor at the Colin Powell School of City University in New York City.

  • Demand law is a basic principle of economics law that states that consumers demand less good at a higher price.
  • Decreasing demand stems from a modest utility law, in which consumers primarily use economic goods to meet their extreme needs.
  • The market demand curve represents the quantity demanded at all costs for all consumers in the market.
  • Price changes can also indicate the movement of demand curves, but these changes do not automatically increase or decrease demand.
  • Consumer preferences, income or related assets, changes in response to changes in price change the shape and extent of demand.

Literal Meanings of Law Of Demand

Law:

Meanings of Law:
  1. A system of principles recognized by a particular country or community as the actions of its members and which can be enforced by imposing sanctions.

  2. Rules that describe the right behavior or conduct in a game.

  3. An observational fact states that when certain conditions are satisfied, some natural or scientific phenomena are found.

  4. The order of God's commandments is expressed in the Bible or other religious texts.

  5. A mound, usually round or conical.

Sentences of Law
  1. Law breaking case

  2. Sports Law

  3. The Second Amendment Law

  4. Morally, Simon was probably an antinomian, an enemy of Old Testament law.

  5. Today I walked in Northbrook Law

Synonyms of Law

mount, instruction, tor, eminence, maxim, rules and regulations, legislation, prescription, tenet, elevation, hillock, rising ground, knoll, high ground, canon, creed, constitution, mesa, credo, convention, rule, guideline

Of:

Meanings of Of:
  1. It shows the relationship between the part and the whole.

  2. Indicates the relationship between scale or size and value.

  3. Refers to the relationship between two organizations, usually the organization of the association.

  4. It shows the relationship between the address and the reference point.

  5. Explain the general category or type and the relationship between those specific items that fall into that category.

  6. After a noun that comes from a verb or is related to it.

  7. Identify the component or substance that makes the difference.

  8. Express the hour for the next hour.

Sentences of Of
  1. 5% increase

  2. North of Chicago

  3. Nice to meet you

  4. This will be the quarter in New York

Synonyms of Of

done by, made by, from, caused by, in, of, by, carried out by

Demand:

Meanings of Demand:
  1. Ask authoritatively or bluntly.

  2. A permanent and attractive call as it should be.

Sentences of Demand
  1. "Where is he?" He asked

  2. A series of far-reaching reform demands

Synonyms of Demand

command to, urge to, call on to, order to, call, enjoin to, tell to, request

Law Of Demand,

What is The Meaning of Law Of Demand?

  1. Meaning of Law Of Demand: Brian Barnier is the director, co-founder and editor of ATX at Value Bridge Advisors, and a visiting professor at Colin Powell School, City University, New York.

    • The law of demand is a basic principle of economics which states that consumers demand less at a higher price.
    • Demand for this specialty has grown significantly as a result of recent corporate scandals.
    • The market demand curve represents the quantity demanded by each and every consumer in the market.
    • The change in e is reflected in a movement along the demand curve, but the change itself does not increase or decrease the demand.
    • Demand forms and limits change in response to changes in consumer preferences, revenue or related assets, e.g.

Literal Meanings of Law Of Demand

Law:

Meanings of Law:
  1. A system of rules recognized by a particular state or community governs the actions of its members and can be enforced through the imposition of sanctions.

  2. Rules that define the right practice or behavior in a game.

  3. A realistic statement based on observation that certain natural or scientific phenomena always meet certain conditions.

  4. A set of divine commands stated in the Bible or other religious texts

  5. Mount, usually round or conical.

Sentences of Law
  1. Shooting birds is illegal.

  2. The second law of thermodynamics

  3. Today I took a good walk through North Baroque laws.

Synonyms of Law

charter, injunction, mitzvah, legal code, standard, direction, jurisprudence, doctrine, system of laws, belief, precept, formula, criterion, ethic, principle, directive, body of laws, practice, commandment, code

Of:

Meanings of Of:
  1. Expresses the relationship between part and whole.

  2. Indicates an affiliation between two entities, usually an affiliation, where the first is the title of the sentence and the second is something related to it.

  3. Expresses the relationship between direction and reference point.

  4. Indicates the relationship between a general category or type and a particular item belonging to that category.

  5. Derived from a verb or after a related noun.

  6. B spelling variations are found before F (as offensive).

Sentences of Of
  1. North of Watford

  2. In New York it will be from quarter to three.

Demand:

Meanings of Demand:
  1. Persistent and compelling requests made by you.

  2. Ask authoritatively or rudely

Synonyms of Demand

importunity, ask, dictate, interrogate, ultimatum, inquire, stipulation, bid, a big ask, pressure, hest, challenge, behest, urging, clamour, question, insistence