Question

What are the assumptions of law of demand?​

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. Tastes and preferences of the consumers remain constant.

Explanation:

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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. Tastes and preferences of the consumers remain constant.

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