##  [Law of Demand](/index.php/law-demand) 

  ##  [Law of Demand](https://social.quantumdictionary.io/law-demand-0) 

  

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**Social Sciences Dictionary**

 







 

 

 

 



 

 

 

 

Definition

Within a standard consumer preference framework and holding other determinants constant (ceteris paribus), the quantity demanded of a good falls as its own price rises; formally, the individual demand curve is non‑increasing in the good’s own price except in specified exceptions.