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CA Foundation doubt

Is inferior good an exception to law of demand

Asked by Elakkya5 Jan 20241072 views

6 answers

  1. Elakkya · 5 Jan 2024

    Hey just got it confirmed from a faculty that its not an exception

  2. Gayathri · 5 Jan 2024

    Yeah it’s an exception as it is giffen good

  3. Amit · 5 Jan 2024

    Only conspicuous goods and giffen goods (and conspicuous necessities) are exceptions for law of demand

  4. Elakkya · 5 Jan 2024

    Thank you

  5. Urvashi · 5 Jan 2024

    No

  6. Elakkya · 5 Jan 2024

    Someone who knows for sure please do reply

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