Question

What are the exceptions to law of Demand?​

Answer 1

Explanation:

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Answer 2

Explanation:

Exceptions to Law of Demand

Exceptions to Law of DemandDemand is the amount of good or service a consumer is willing and able to purchase (spend) per period of time. Consumers who are willing to buy and able to buy are different things. So many consumers are willing to buy products that they cannot afford at prices they cannot pay. It is the maximum amount of money a consumer is willing to pay and is able to pay for such quantity of the commodity. The law of demand states that when the price of goods falls its demand increases and when the price of the goods rises its demand decreases. However, there are some Exceptions to the Law of Demand