The Law of Demand Is Violated When the Demand for a Product

question 84

True/False

The law of demand is violated when the demand for a product is high at a high price.

---

Definitions:

Alcohol Use Disorder

A health disorder marked by a diminished capacity to cease or regulate alcohol consumption, despite negative impacts on social, professional, or medical well-being.

Natural Disaster

A catastrophic event resulting from natural processes of the Earth, such as earthquakes, hurricanes, floods, or tsunamis, causing significant damage and loss.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Depression

A mental health disorder characterized by persistently low mood, loss of interest in activities, and a variety of emotional and physical problems.