Does the Following Condition Violate the Law of Demand? Explain

question 51

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."

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Definitions:

Personality

A pattern of enduring, distinctive thoughts, emotions, and behaviors that characterize the way an individual adapts to the world.

Gambling

The act of wagering money or something of value on an event with an uncertain outcome, with the primary intent of winning additional resources.

Psychoanalytic Theory

A theory of personality organization and the dynamics of personality development that guides psychoanalysis, a clinical method for treating psychopathology. It was introduced by Sigmund Freud.

Freud

Sigmund Freud was an Austrian neurologist who founded the psychoanalytic school of psychology, focusing on the unconscious mind, dreams, and the development of sexuality.