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."

---

Definitions:

Incentive Compensation

A form of remuneration designed to reward employees for achieving certain performance targets or objectives.

Share Market

A venue where stocks, bonds, and other securities are bought and sold between investors.

Employee Share Ownership

Programs that allow employees to own shares or a stake in the company they work for, aiming to align interests and boost motivation.

Profit-sharing Plans

Compensation schemes where employees receive additional benefits based on the company's profits, designed to align employees' interests with the financial success of the organization.