Q738
Which of the following is a correct statement?
A.
Decrease in input prices causes a leftward shift in the supply curve
B.
The demand for a commodity is inversely related to the price of its substitutes
C.
The desire for a commodity backed by ability and willingness to pay is demanded
AnswerD.
When income increases demand for essential goods increases more than proportionately
Answer: Option C
Solution
Answer: Option C
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