State violation of the law of demand

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Reference no: EM13199026

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

Reference no: EM13199026

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