Question

State any two assumptions of the law​

Answer 1

Answer:

Main assumptions of the law of demand are as follows: Prices of the related goods do not change. Incomes of the consumers do not change. ... No expectation of the consumer to any change in the price of the commodity in the near future

Answer 2

Main assumptions of the law of demand are as follows: Prices of the related goods do not change. Incomes of the consumers do not change. ... No expectation of the consumer to any change in the price of the commodity in the near future.

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