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Commerce · Q412

Economics

Graduate and Post Graduate · Commerce · question 412

Q412

The demand curve for a commodity is generally drawn on the assumption that

A.
the commodity has no substitutes
B.
tastes, income and all other prices remain constant
Answer
C.
the average household consists of two persons
D.
purchases of the commodity are made by a free market

Answer: Option B

Solution

Answer: Option B
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