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What is the difference between the law of demand and theory of demand? Don't you want to learn about demand theory in a more straightforward manner? YES is unmistakably the correct response. The demand theory explains how changes in the quantity of a product or service available to customers affect its market price. According to the hypothesis, the greater a product's price, the fewer requests it will receive, and the lower the sloping demand curve will be.   Every one of us has a unique interest in specific products and businesses, and our interest at each price reflects the value we place on each of the objects, which is usually linked to the pleasure or use we anticipate from owning it. The utility is a phrase used by business analysts to describe this. Theory of Demand The relationship between the cost of a product and the amount demanded is described by the Theory of Demand. When the expense of a good or administration rises, so does its appeal, and vice versa. The deeper