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Law of Demand

Assumptions o...

Question

Assumptions of the law of demand refer to:

A

constant price of the commodity

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B

determinants of demand, other than the price of the commodity

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C

constant cost of production

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D

none of these

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Solution

The correct option is B
determinants of demand, other than the price of the commodity

Assumptions of the law of demand refer to determinants of demand, other than the price of the commodity itself.

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