Question

Based on law of demand, which statement holds true?
a. As the quantity demanded increases, the quantity supplied increases
b. As the income increases, the price of commodity increases
c. As the price of a commodity increases, the demand increases
d. As the price of a commodity falls, the demand increases​

Answer 1

Answer:

d..as there will be decrease in the price of any commodity people will tend to demand more of that particular commodity and this law states that keeping all other factors constant other than price of the commodity there will be increase in the demand when price of that particular commodity falls and visa versa

Answer 2

Answer:

d is the correct answer

Explanation:

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