Agency laws are relevant to which relationships?

Agency laws are relationship between two parties, usually called PRINCIPAL and AGENT

Explanation: It's worthy of notice that, agent, in law, can be defined as a relationship between two parties usually called PRINCIPAL and AGENT. The major purpose/function of the agent is to establish or create a contract between the principal and third parties. In most cases, he/she(agent) acts on behalf of the principal.

Agency is therefore, the relationship that subsists between the principal and the agent, who has been given order or authorized to act on his behalf or represent him in dealing with others. However, In an agency, two contracts always take effect.

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .