The law of demand states that „Other things being equal, a fall in price will lead to an increase in quantity demanded .‟Highlight any Four circumstances under which this law may not hold. Incase of the essential goods that must be consumed Ostentatious goods that must be consumed Luxurious goods like cars Inferior goods i.e goods for the poor Geffen goods e.g bread (Visited 22 times, 1 visits today)Share this:Share Written by MJ