Multiple Choice
Which of the following is the reason for law of demand:
A) price effect
B) backlash effect
C) income effect
D) real balance effect
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: From the position of stable equilibrium, the
Q9: The market equilibrium for a commodity is
Q10: Average cost is the sum of AVC
Q11: In which of the following market, advertisement
Q12: Elasticity of supply for a positively sloped
Q14: In drawing an individual demand curve for
Q15: The law of diminishing marginal utility was
Q16: If the income elasticity of demand for
Q17: If the quantity demanded remains unchanged as
Q18: Net addition to total utility when one