Economy, asked by shobhajha1984, 9 months ago

why is the law of demand called as conditional Demand?

Answers

Answered by rajunagaeee219

11

Answer:

Please mark as brainliest answer

Explanation:

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 (↑)".

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