The Law of Demand, assuming other things to remain constant, establishes the relationship between

Q. The Law of Demand, assuming other things to remain constant, establishes the relationship between:

A.           Income of the consumer and the quantity of a commodity demanded by him

B.            Price of a commodity and the quantity demanded

C.            Price of a commodity and the demand for its substitute

D.           Quantity demanded of a commodity and the relative prices of its complementary goods

Answer: Price of a commodity and the quantity demanded

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