The law of demand states that „Other things being equal, a fall in price will lead to an increase in quantity demanded .‟Highlight any Four circumstances under which this law may not hold.

By MJ / December 10, 2020

Incase of the essential goods that must be consumed
Ostentatious goods that must be consumed
Luxurious goods like cars
Inferior goods i.e goods for the poor
Geffen goods e.g bread

(Visited 33 times, 1 visits today)