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Demand & Its Determinants · Question 12 of 66

Question 12

MediumOriginal question

Which of these is an exception to the law of demand?

Options for question 12

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Some buyers want a good because it is expensive, so a higher price can raise the quantity they demand.

  2. Salt still obeys the law, though its demand is inelastic.

Concept
Exceptions to the law of demand
Typical time
70 s
Your time
—
The rule this testsThe demand schedule, curve and law
Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.

Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.