Which one of the following factors is not an exception to the law of demand?

Luxurious good

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Normal good

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Giffen good

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Solution

The correct option is B Normal good
Normal good is not an exception to the law of demand since the demand for normal goods increases as its price falls and the demand for normal good falls as its price rises. Thus, law of demand operates in case of normal good.

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Q. Which of the following goods is/are an exception to the law of demand?

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