The law of demand indicates the relationship between

Business Management Mcqs
BILAL KHATTAK0

A.The price of a commodity and the quantity demanded
B.The income of consumer and the quantity demanded
C.The relationship betweent he price of one commodity and the price of a substitute
D.The price of two commodities
E.All of the above

Related Mcqs:

  1. The elasticity of demand explains the relationship between
  2. Of the following, which is NOT an essential assumption of the marginal utility theory of consumer demand?
  3. Law of demand correlates
  4. Demand for a commodity is elastic when
  5. Decrease in demand means:
  6. People will tend to demand money if they think
  7. Market demand for any good is a function of the
  8. The substitution effect works to encourage a consumer to purchase more of as product when the price of tha good is falling because
  9. Extension is demand means:
  10. CPI stands for __________??

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