The main determinant of the behavior of people in which the law of demand applies is the ______________ of the commodity being demanded. real income nominal income price all of the above
The main determinant of the behavior of people in which the law of demand applies is the ______________ of the commodity being demanded. real income nominal income price all of the above
Chapter20: Elasticity: Demand And Supply
Section: Chapter Questions
Problem 7E
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The main determinant of the behavior of people in which the law of demand applies is the ______________ of the commodity being demanded.
real income
nominal income
price
all of the above
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