Q242
Under law of demand
A.
Price of commodity is an independent variable
B.
Quantity demanded is a dependent variable
C.
Reciprocal relationship is found between price and quantity demanded
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Under law of demand Price of commodity is an independent variable, Quantity demanded is a dependent variable and Reciprocal relationship is found between price and quantity demanded.