Question

other things remaining same,price of a good have a direct relationship with quantity demanded true ya false
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Answer 1

Answer:

False

Explanation:

Assuming that other factors including

1. Price of Related Goods (Subtitute/Complimentary Goods)
2. Income of Consumer
3. Taste and Preferences
4. Expectation of Chnage in Price in Future
5. Size and Composition of Population
6. Season and weather
7. Distribution of income

remaing constant, the price of a commodity is inversely proportional to the demand of the commodity.

This is because as price of a commodity rises, the demand for the commodity decreases and vice-versa because of the law of demand.