One of the assumption of law of demand is: a) Supply should not change b) Income of the consumer should not change c) Quantity should not change d) Price of the commodity should not change

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
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One of the assumption of law of demand is:
a) Supply should not change
b) Income of the consumer should not change
c) Quantity should not change
d) Price of the commodity should not change
Transcribed Image Text:One of the assumption of law of demand is: a) Supply should not change b) Income of the consumer should not change c) Quantity should not change d) Price of the commodity should not change
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