Which one is the assumption of law of demand?

Q. Which one is the assumption of law of demand?

  1. Price of the commodity should not change
  2. Quantity demanded should not change
  3. Prices of substitutes should not change
  4. Demand curve must be linear

Answer: Prices of substitutes should not change

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!
We will be happy to hear your thoughts

Leave a reply

Gkseries.com
Logo
Register New Account