When demand increases price reduces due to inverse relationship but in market demand when demand increases price increase why?
Dear Student,
When price increases, demand reduces and when price reduces , demand increases. and this is inverse relationship and the opposite of this relation does not exists. ( demand increases leads to increase in price.)
Regards
When price increases, demand reduces and when price reduces , demand increases. and this is inverse relationship and the opposite of this relation does not exists. ( demand increases leads to increase in price.)
Regards