law of demand does not apply in case of
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Explanation:
Giffen and Veblen goods are exceptions to the Law of Demand. ... But economists generally agree that there are rare cases where the Law of Demand is violated. 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).
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Answer:
Giffen and Veblen goods are exceptions to the Law of Demand. ... But economists generally agree that there are rare cases where the Law of Demand is violated. 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).
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