Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Law of Demand depends on which of the following?
1) Price of Commodity
2) Income of consumer
3) Price of Related good
4) Taste of Consumer

• A. 1 and 2
• B. 2,3 and 4
• C. 3 and 4
• D. All of the above.

Answer 1

The correct option is D All of the above.

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> law of demand depends on price of commodity, Taste and preference of consumer, Income of consumer and price of related or complementary goods.