Economy, asked by ranaaryan766, 8 months ago

define law of demand and give its 3 exception​

Answers

Answered by rawatanshika45127
4

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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Answered by sujalnagar762
0

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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