Examples of the Law of Demand can be hard to find because of changes in the market and how people shop.

1. Basic Goods: When prices go up, like with groceries, people usually buy less. This can lead to extra food that gets thrown away.

2. Luxury Items: When prices for fancy items go up, people are less likely to buy them. This shows the differences in how people can spend money.

Solutions:

• Substitutes: We can promote alternatives to help balance out the loss in demand.
• Price Adjustments: Stores can run sales to boost sales without raising prices.

Knowing how these factors work together is important for creating smart market plans.