5. For a change in which of the following there is no change in demand?
(a) Change in price
(b) Change in Income
(c) Change in Taste and Fashion (d) none of these
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Answer:
a. change in price
Explanation:
change in demand occurs due to change in factors other than price , so due to change in options ( b and c ) , change in demand will occur.
But due to change in price only change in quantity demanded occur not change in demand .
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