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

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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