Q60
All but one of the following are assumed to remain the same while drawing an individual's demand curve for a commodity. Which one is it?
A.
The preferences of the individual
B.
His monetary income
C.
The price of the commodity under consideration
AnswerD.
The prices of other goods
Answer: Option C
Solution
Answer: Option C
Solution:
Only price changes and all others like price of related goods, income, taste and preference remain constant, while drawing an individual's Demand curve for a commodity.