1. With a fall in the price of a commodity - x demand for commodity - y also
falls. This best ropresents
(a) An exception to the law of demand
Universal application of the law of supply
ver Relationship between two goods that are substitutes for each other
(d) A market economy where pricing decisions are difficult to make
A Functional relationship is given as follows:
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Hey mate,
By the mid-18th century three Presidency towns: Madras, Bombay and Calcutta, had grown in size. During the period of Company rule in India, 1757–1858, the Company gradually acquired sovereignty over large parts of India, now called "Presidencies".
Company rule in India: 1757–1858
East India Company: 1612–1757
Partition of India: 1947
Portuguese East India Company: 1628–1633 .
Hope it helps.
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