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SSC CGL 2017 Tier 1 Questions and Answers

Question

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

[A] Law of demand
[B] Law of supply
[C] Law of substitution
[D] Law of optimal choice
Answer & Explanation

Answer: [ Law of demand ]

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