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Does the Following Condition Violate the Law of Demand? Explain

Question 58

Essay

Does the following condition violate the law of demand? Explain your answer.
"The number of iPhones sold last year was more the than the number of Nokia smartphones sold in the same period, even though the price of iPhones was more than twice of the price of Nokia smartphones."

Correct Answer:

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No, the law of demand is not violated. E...

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