Q.Find the odd word:
Exceptions to the Law of supply:
Giffen’s goods, Supply of labour, Perishable goods, Rare goods

A handful of situations are genuine exceptions to the Law of Supply, where quantity supplied does not rise with price (or does not fall with it) as the law predicts: goods with a fixed or rare supply (an antique, an original painting, prime land) whose quantity cannot be increased however high the price rises; perishable goods facing distress sale, where the entire stock must be sold even at a falling price to avoid spoilage; the backward-bending supply curve of labour, where a rise in the wage rate beyond a point causes workers to supply FEWER hours as th …