Sometimes, the law of demand fails to work. Such situation of failure of law of demand is known as O a. Law of supply O b. Assumptions of law of demand O c. Exceptions to law of demand O d. Determinants of demand

Sometimes, the law of demand fails to work. Such situation of failure of law of demand is known as O a. Law of supply O b. Assumptions of law of demand O c. Exceptions to law of demand O d. Determinants of demand

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 2CQQ

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Question

Sometimes, the law of demand fails to work.
Such situation of failure of law of demand is
known as
O a. Law of supply
O b. Assumptions of law of demand
O c. Exceptions to law of demand
O d. Determinants of demand

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