Exceptions To The Law of Demand
Generally, the amount demanded of a good increases with a decrease in price of the good and vice versa. In some cases, however, this may not be true. Such situations are explained below.
Read more about this topic: Law Of Demand
Famous quotes containing the words exceptions, law and/or demand:
“Every declaration of love contains an unstated list of exceptions and demands.”
—Mason Cooley (b. 1927)
“Here, lads, we live by the law of the taiga. But even here people manage to live. Dyou know who are the ones the camps finish off? Those who lick other mens left-overs, those who set store by the doctors, and those who peach on their mates.”
—Alexander Solzhenitsyn (b. 1918)
“There is nothing funny about Halloween. This sarcastic festival reflects, rather, an infernal demand for revenge by children on the adult world.”
—Jean Baudrillard (b. 1929)