Question

6.Which of the following statement is incorrect?
(2 Points)

When goods are substitutes, a fall in the price of one (ceteris paribus) leads to a fall in the quantity demanded of its substitutes.

When commodities are complements, a fall in the price of one (other things being equal) will cause the demand of the other to rise.

As the income of the consumer increases, the demand for the commodity increases always and vice versa.

When a commodity becomes fashionable people prefer to buy it and therefore its demand increases.​

Answer 1

When a commodity becomes fashionable people prefer to buy it and therefore its demand increases.

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