Question

define law of demand and give its 3 exception​

Answer 1

There are two exceptions to the Law of Demand. Giffen and Veblen goods are exceptions to the Law of Demand. However, they are extreme cases and can be quite difficult to prove. ... Therefore, the Law of Demand is an inverse relationship between price and quantity demanded

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Answer 2

Answer:

There are twoexceptions to the Law of Demand. Giffen and Veblen goods are exceptions to the Law of Demand. However, they are extreme cases and can be quite difficult to prove. ... Therefore, the Law of Demand is an inverse relationship between price and quantity demanded.

Explanation:

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