Nancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile 0 Nancy Dutta Asked: May 7, 20202020-05-07T00:31:14+05:30 2020-05-07T00:31:14+05:30In: Education Expectations to the law of demand? 0 Expectations to the law of demand? basic questions Share Facebook 2 Answers Voted Oldest Recent Newton D India 361 Questions 225 Answers 1 Best Answer 1k Points View Profile Newton Dutta Added an answer on May 7, 2020 at 12:37 pm The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp manish1008 Bahadurgarh, India 1k Questions 1k Answers 0 Best Answers 4k Points View Profile manish1008 Added an answer on May 7, 2020 at 6:12 am There are two exceptions to the Law of Demand. Giffen and Veblen goods are exceptions to the Law of Demand. However, they are extreme cases and can be quite difficult to prove. But economists generally agree that there are rare cases where the Law of Demand is violated. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.