why does law of demand operate?
Law of demand operates because demand curve is downward sloping. The reasons for downward slope of demand curve is explained in detail in our study material. You can refer to the same following the below mentioned path.
Chapter-2 (named as 'Theory of Consumer Behaviour' )- Lesson-4 (named as 'Demand, Law of Demand, Movements and Shifts in Demand Curve and Market Demand')-under the topic 'Reasons for Downward Slope of Demand Curve'
Chapter-2 (named as 'Theory of Consumer Behaviour' )- Lesson-4 (named as 'Demand, Law of Demand, Movements and Shifts in Demand Curve and Market Demand')-under the topic 'Reasons for Downward Slope of Demand Curve'