Question

All but one of the following are assumed to remain the same while drawing an individual’s demand curve for a commodity. Which one is it?
(a) The preference of the individual
(b) His monetary income
(c) Price
(d) Price of related goods

Answer 1

Explanation:

All but one of the following are assumed to remain the same while drawing an individual’s demand curve for a commodity. Which one is it?

(a) The preference of the individual

(b) His monetary income

(c) Price

(d) Price of related goods✔️✔️

Answer 2

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Correct Answer : (b) His monetary income