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vasanthan deva

· started a discussion

· 1 Months ago

it should be price and quantity of goods as per the definition

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

D)

income and quantity demand

Solution:

Ans: (b) 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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