Which of the following goods does NOT violate the law of demand?

Explanation

The correct answer is (C) Normal goods Explanation: • The Law of Demand states that, other factors being equal, price and quantity demanded are inversely related (as price rises, demand falls). • Normal goods follow this law strictly. Information Booster: • For normal goods, the demand also increases as the consumer's income increases. Additional Knowledge: • Giffen Goods (Option A): Inferior goods where demand increases as price increases (violates the law). • Veblen Goods (Option B): Luxury goods where high price increases the status/demand (violates the law).