Describe violation of law of demand

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In 2007, Bob's Burgers charged $1.50 for quarter-pound hamburger with all fixin's, and sold 7,500 of them. In 2008, though Bob raised price to $1.75, sales of quarter-pound burgers rose to 8,200. Describe why this doesn't represent the violation of law of demand.

Reference no: EM13102781

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