Question 12
MediumOriginal questionWhich of these is an exception to the law of demand?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Some buyers want a good because it is expensive, so a higher price can raise the quantity they demand.
Salt still obeys the law, though its demand is inelastic.
- Concept
- Exceptions to the law of demand
- Typical timeTypical
- 70 s
- Your timeYours
- —
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