explain exception of law of demand
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There are two exceptions to the Law of Demand. Giffen and Veblen goods areexceptions to the Law of Demand. ...
The Law of Demand states that the quantity demanded for a good or service rises as the price falls, ceteris paribus (or with all other things being equal).
hope it clarifies ur doubt dear friend...
The Law of Demand states that the quantity demanded for a good or service rises as the price falls, ceteris paribus (or with all other things being equal).
hope it clarifies ur doubt dear friend...
hemusaha8:
veblen means
Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand.
tell me other words of veblen related to microeconomics
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