Why is the law of demand called as conditional law? – InterviewSolution

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1.	Why is the law of demand called as conditional law?
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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