Question

Why is the law of demand clalled as conditional law

Answer 1

Answer:

The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. ... You can easily get a different dessert if the price rises too high. If the quantity doesn't change much when the price does, that's called inelastic demand.

Explanation:

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Answer 2

The law of demand called as conditional law

Explanation:

• law states the basic principle that states the prices increase the quantity demanded will go down. But when the price of the good decreases the quantites demanded will rise.  

• The only factor that influences is the price. Thus this states the conditions to which the demand will change.

• These changes in demands are due to the changes in the determinants such as income of consumers. This change in the demand conditions will relate o the changes in the demand curve.

Learn more about the why is the law of demand called as conditional law.

• brainly.in/question/12048606 answered by Jopoul.