Economy, asked by mohitmahajan9876, 3 months ago

Why
is the law of domand called as condition law​

Answers

Answered by shrutijha0804
1

Answer:

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 geethasurve
0

Answer:

Answer: 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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