Economy, asked by priyakchauhan97226, 9 months ago

why is the law of demand called as conditional law??​

Answers

Answered by Anonymous
6

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 (↑)

Answered by ahmadali80536
3

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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