Solve qhes.11 plz..
Exceptions to the law of demand :
Some cases demand falls with the fall in prices and rises with the rise in price. For example:
1.Status symbol goods
2.Fear of shortage
3,Giffen goods
4.Emergency or extraordinay cases
In all these above cases demand curve is upward sloping
Some cases demand falls with the fall in prices and rises with the rise in price. For example:
1.Status symbol goods
2.Fear of shortage
3,Giffen goods
4.Emergency or extraordinay cases
In all these above cases demand curve is upward sloping