Economy, asked by anmolgupta97928, 5 months ago

name a good that violates law of demand​

Answers

Answered by OoExtrovertoO
9

Answer:

Giffen Goods

Giffen GoodsA Giffen good is considered to be an exception to the Law of Demand. ... There are very few examples of Giffen goods mostly because it is difficult to prove that they exist. It's when consumers consume more of an inferior good when the price of the good rises, which is in direct violation of the Law of Demand

Answered by bhagya1924
1

Answer:

A Giffen good is considered to be an exception to the Law of Demand. ... There are very few examples of Giffen goods mostly because it is difficult to prove that they exist. It's when consumers consume more of an inferior good when the price of the good rises, which is in direct violation of the Law of Demand

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