Question

"The law of demand does not apply to prestigious goods and extremely low-priced goods." Justify

the statement with examples.​

Answer 1

Answer:

we all know that supply and demand factors influence the market condition of an economy and determine the prices of the goods and services. ln competitive market,the price conditions of aproduct or services will keep varying until the demand equal the supply .

Ex= giften goods , necessary goods

l think this answer will help you