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Exception to Story Board
Updated: 8/14/2020
Exception to Story Board
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Storyboard Description

BY:- VARUN SINGH BHATI XI - COMMERCE

Storyboard Text

  • Do You Know That in law of demand their are some exception
  • No I don't know about it. So can you please explain me.
  • Yes, the demand curve slopes downwards, showing the inverse relationship between price and quantity demanded. in certain cases the reverse may occur as a rise in price may increase the demand
  • Ok I understood it but can you explain it by giving some examples for it.
  • Yes, why not there are some goods like griffen goods in which demands rises with a rise in income, there are goods related to fashion, status symbols good s,goods which are necessities of life and many more.
  • OK Now I understood it completely,Thank you a nice explanation.
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