Question

The basic assumptions in the Law of Demand is that there should be

a) No change in the level of income of consumers

b) No change in the price of related goods

c) No change in the taste & preference of the consumers

d) All of these​

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

Answer:

d)all of these

Explanation:

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