The inverse relationship between price and quantity is called the law of demand. When the price of the commodity increases, demand for the commodity decreases; if the price of the commodity decreases, the demand for the commodity increases. Let's see the assumption for this law.
Assumption 1) No changes in the income 2) No changes in population 3) No changes in price of the related goods 4) No changes in the tastes and preferences of consumers 5) No expectations for future price reduction 6) No changes in climate conditions
Table
Diagram