---
title: Law of Demand
description: The law of demand is a lynch pin of economic theory that states a consumer will demand a lower quantity of a good or service at a higher price.
---

[Realized 1031 Glossary of Terms ](https://www.realized1031.com/glossary)

# [Law of Demand](https://www.realized1031.com/glossary/law-of-demand)

 Written by [The Realized Team](https://www.realized1031.com/glossary/author/the-realized-team) | Jun 27, 2022 5:00:00 AM

The law of demand is a lynch pin of economic theory that states a consumer will demand a lower quantity of a good or service at a higher price. Economists illustrate this law of demand along the market demand curve, which represents the sum of quantity demanded by consumers across a market for a particular good. A change in the price of a given good will result in a movement along the demand curve, but will not increase or decrease demand.

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