Economy, asked by artithakur321, 9 months ago

law of demand have no exceptions agree or disagree?

Answers

Answered by SECRETBRAINGIRL

1

No. The statement is false. The exceptions to the law of demand are:

Changes in the prices of related goods

Tastes and Preferences of the consumers

Income of the consumer

Changes in technology

Changes in taxation policy

Changes in price expectations of consumers.

The law of demand may not work in case of the above cases.

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