By Gkseries see more questions

SSC CGL 2017 Tier 1 Questions and Answers

Home/
General Knowledge/
if-a-consumer-s-demand-for-a-good-moves-in-the-same-direction-as-the-consumer-incom-the-consumer-s-demand-for-that-good-must-be-inversely-related-to-rice-of-the-good-called

Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

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 ]

Advertisement

Article and Schedule Quiz	Start Test!

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Random GK Questions

Q. If the velocity of a body is halved, its kinetic energy will

Q. The gas used to dilute oxygen for breathing by deep sea divers is

Q. Vinegar is a commercial name of

Q. The Khilafat Movement was started to protest against the:

Q. The silver coins issued by the Guptas were called

Q. Who is competent to dissolve the Rajya Sabha?

Assam Direct Recruitment Test Series

Teacher Eligibility Test

Assam Direct Recruitment Test Series