Question

plz solve mcq of economy ..need urgent ... ans only if know​

Answer 1

Answer:

Hey!!!!!!!!

What do you mean by demand of commodity??

Answer: D)

Explanation:

People demand goods because they satisfy the wants of the people. The utility means want- satisfying power of a commodity. It is also defined as the amount of satisfaction which a person derives from consuming a commodity. Utility is a subjective entity and resides in the minds of men.

Being subjective it varies with different persons, that is, different persons derive different amounts of utility from a given good. People know utility of goods by means of introspection. The desire for a commodity by a person depends upon the utility he expects to obtain from it.

If change in price of good A affects the demand of good B, then???

Answer: A)