Economics - Demand Questions with solutions MCQs

1. Which of the following is the relation that the law of demand defines?

A

Income and price of a commodity

B

Price and quantity of a commodity

C

Income and quantity demanded

D

Quantity demanded and quantity supplied

Economics - Demand Account Ast. 2024
Correct Answer : B
Explanation :

Law of demand shows inverse relation between price and quantity demanded.

Correct Answered :

Wrong Answered :

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