Banking System and Capital Market Questions and Answers for Competitive Exams

Home/
General Knowledge/
engels-law-states-the-relationship-between

By Gkseries see more questions

Q.

Engel’s Law states the relationship between

[A] Quantity demanded and price of a commodity

[B] Quantity demanded and price of substitutes

[C] Quantity demanded and tastes of the consumers

[D] Quantity demanded and income of the consumers

Answer & Explanation
Answer: Option [D]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Click Here to Read more questions