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LISHAM PRIYO SINGH

· started a discussion

· 1 Months ago

wrong option (Question: 222719.0 )

c is correct

Question:
Law of demand shows relation between:
Options:
A) price and supply of goods
B) income and price of commodity
C) price and quantity of goods demanded
D) income and quantity demand
E) quantity demanded and quantity supplied
Solution:
Ans: (c) The law of demand states that if all other factors affecting demand remain constant, the buyers will buy more quantity of a commodity at a lower price and less of it at a higher price.

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