Which of the following can be regarded as an exception to the law of demand?
A. Cases of snob appeal (e.gjewels)
B. Cases in which consumer judges quality by price
C. Cases of giffen goods
D. All of the above
Answer:D
Which of the following can be regarded as an exception to the law of demand?
A. Cases of snob appeal (e.gjewels) B. Cases in which consumer judges quality by price C. Cases of giffen goods D. All of the above