Lyttelton's Law is a principle in the field of economics that suggests the relationship between the supply of a good and its demand is not always linear. It indicates that as the supply of a product increases, the demand may not rise proportionately, leading to potential market imbalances. This can occur due to various factors, including consumer preferences and market saturation. The law is named after Lyttelton, a notable economist who studied market behaviors. Understanding Lyttelton's Law helps businesses and policymakers make informed decisions about production and pricing strategies, ensuring they align supply with actual consumer demand.