Economy, asked by danishauh3478, 11 months ago

State and explain the law of demand and what is its exceptions

Answers

Answered by Aaradhyamishra2012
1

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. But economists generally agree that there are rare cases where the Law of Demand is violated.

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