Microeconomics - the part of economics concerned with single factors and the effects of

individual decisions.
Demand - an insistent and peremptory request, made as if by right.
- ask authoritatively or brusquely.
Quantity demanded is a term used in economics to describe the total amount of goods or
services demanded at any given point in time. It depends on the price of a good or service in
the marketplace, regardless of whether that market is in equilibrium.

The law of demand states that other factors being constant (cetris peribus), price and
quantity demand of any good and service are inversely related to each other. When the price of
a product increases, the demand for the same product will fall.

In microeconomics, the law of demand states that, "conditional on all else being equal, as the
price of a good increases (), quantity demanded decreases (); conversely, as the price of a
good decreases (), quantity demanded increases ()".