Multiple Choice
Which of the following is an exception to the law of demand?
A) giffen good
B) normal good
C) superior good
D) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: In drawing an individual demand curve for
Q15: The law of diminishing marginal utility was
Q16: If the income elasticity of demand for
Q17: If the quantity demanded remains unchanged as
Q18: Net addition to total utility when one
Q20: If the supply curve of the commodity
Q21: When an individual's income rises, when everything
Q22: When there are only few sellers of
Q23: If a positively sloped linear supply curve
Q24: When an individual's income falls, when everything