Economy, asked by lalb24934, 9 months ago

explain the exception of the law of demand class 11 cbse ècnomics chapter 4 demand

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Answered by anne04042007

Answer:

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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