Question

law of demand does not include​

Answer 1

nσrmαllч, thє lαw σf dєmαnd dσєs nσtαpplч σn nєcєssítíєs σf lífє such αs fσσd, clσth єtc. єvєn thє prícє σf thєsє gσσds íncrєαsєs, thє cσnsumєr dσєs nσtrєducє thєír dєmαnd. rαthєr, hє purchαsєs thєm єvєn thє prícєs σf thєsє gσσds íncrєαsє σftєn вч rєducíng thєdєmαnd fσr cσmfσrtαвlє gσσds.

Answer 2

Answer:

Normally, the law of demand does not apply on necessities of life such as food, cloth etc. Even the price of these goods increases, the consumer does not reduce their demand. Rather, he purchases them even the prices of these goods increase often by reducing the demand for comfortable goods.

Explanation:

In microeconomics, the law of demand is a fundamental principle which states that, "conditional on all else being equal, as the price of a good increases, quantity demanded will decrease; conversely, as the price of a good decreases, quantity demanded will increase".

Formula

Q_{x}=f\left(P_{x} ; \mathbf{Y}\right)

Q_{x} = quantity demanded of good x

f = demand function

P_{x} = price of the good

{Y} = list of other parameters held constant

Hope this helps