Question

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

Answer 1

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 (↑)".

Answer 2

Answer:

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 .

Explanation:

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