The inverse relationship between variations in the price and quantity demanded is not due to __________.

Income Effect

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Substitution Effect

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Future Expectation

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Law of Diminishing Marginal Utility

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Solution

The correct option is D Future Expectation
The inverse relationship between variations in the price and quantity demanded is not due to future expectations Future expectation is a determinant of the demand function. If it is expected in future that the price will rise then at present times demand for that particular commodity will rise and vice-versa.

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