why is the law of demand called as conditional law??
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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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Explanation:
In microeconomics the law of demand states that conditional on all else being equal as the price of a good increases quantity demanded decrease conversely as the price of a good decreases quantity demand increases
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