Economy, asked by priyakchauhan97226, 7 months ago

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

Answers

Answered by urvashikumari12345
9

Explanation:

In microeconomics, the law of demandstates 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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