Call/WhatsApp: +1 914 416 5343


Can you name a product (or products) that seem to violate the Law of Demand? In other words, are there goods out there where the quantity demanded rises as price rises or where the quantity demanded falls as price falls? Here is a hint: use the web to find out what a Giffen Good and a Veblen Good is. If that doesn’t work, I am certain you can think of something.