Word Pronunciation & Dictionary

law of demand

Word Rarity Uncommon

Frequency: Zipf frequency 4.75 in modern English

Syllables: law of de-mand
IPA

21

Scrabble Score

11

Letters

2

Syllables

9

Unique Chars

Meaning

noun

A principle which states that there exists an inverse relationship between the price of a good and the quantity demanded, such that as the price rises, the quantity demanded falls, and vice versa.

Inflected Forms

laws of demand (plural)

Phrases

Giffen good Jevons paradox supply and demand Veblen good

Frequently Paired Words

Giffen good Jevons paradox supply and demand Veblen good

Questions

What does law of demand mean?: A principle which states that there exists an inverse relationship between the price of a good and the quantity demanded, such that as the price rises, the quantity demanded falls, and vice versa.

How to pronounce law of demand

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