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Commerce · Q1422

Economics

Graduate and Post Graduate · Commerce · question 1422

Q1422

'Ceteris paribus' clause in the law of Demand does not mean

A.
the price of the commodity does not change
Answer
B.
the price of its substitutes does not change
C.
the income of the consumer does not change
D.
the price of complementary goods does not change

Answer: Option A

Solution

Answer: Option A
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