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According to law of demand, _____________, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.
  • a)
    Other things being not equal
  • b)
    Other things being equal
  • c)
    Other things being unequal
  • d)
    Other things being not same
Correct answer is option 'B'. Can you explain this answer?
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According to law of demand, _____________, if the price of a commodity...
Other things being equal
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According to law of demand, _____________, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.a)Other things being not equalb)Other things being equalc)Other things being unequald)Other things being not sameCorrect answer is option 'B'. Can you explain this answer?
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According to law of demand, _____________, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.a)Other things being not equalb)Other things being equalc)Other things being unequald)Other things being not sameCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about According to law of demand, _____________, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.a)Other things being not equalb)Other things being equalc)Other things being unequald)Other things being not sameCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to law of demand, _____________, if the price of a commodity falls, the quantity demanded of it will rise and if the price of a commodity rises, its quantity demanded will decline.a)Other things being not equalb)Other things being equalc)Other things being unequald)Other things being not sameCorrect answer is option 'B'. Can you explain this answer?.
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