sentence: Prices go up when supply is less, and demand is more.
sentences_before: Demand is the amount of goods that people want to buy at a given price.
sentences_after: It follows the law of demand where as price increases, demand decreases and vice versa showing an inverse relationship between quantity demanded and price. This is known as the law of demand which assumes that the consumer is alive.
concept_name: price
headings: Demand
categories: Microeconomics