Re What does this mean?

Dear Sirs,

I am writing to ask the following two sentences.

"The law of demand" is illustrated in an experiment conducted by the makers of M&M candy. What does "The law of demand" mean?

According to stories, the expression was contributed to the music world by Cuban orchestra conductor? What does this sentence mean?

Thanks!

Emily

Originally Posted by Unregistered

Dear Sirs,

I am writing to ask the following two sentences.

"The law of demand" is illustrated in an experiment conducted by the makers of M&M candy. What does "The law of demand" mean?

According to stories, the expression was contributed to the music world by Cuban orchestra conductor? What does this sentence mean?

Thanks!

Emily

Personally I am more familiar with the phrase of "supply and demand" but I think both mean pretty much the same. You increase your supply ( produce more) in order to keep up with the demand (people want to buy more). If there is an increase in demand, the prices will go up ...as in the case of M&m's (my favorite! ). If the demand is not there (there is a decrease in demand), the prices will drop.


Hope that helps.