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प्रश्न
Identify the correct statement from the following alternatives:
विकल्प
Taj Mahal tea and Tata tea are examples of substitute goods.
'A consumer buys 2 litres of milk at a price of ~ 50 per litre per day' is a demand statement
A consumer never buys an inferior good, no matter how cheap it is
Both (a) and (b)
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उत्तर
Both (a) and (b)
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संबंधित प्रश्न
Briefly explain any two reasons for the occurrence of the law of demand.
Find the odd word
Assumptions to law of demand -
The Law of Demand was introduced by ______.
Explain the law of demand.
State and explain the law of demand with the help of a hypothetical schedule and graph.
When at a price of ₹ 5 per unit of a commodity, A's demand is for 11 units, B's demand is for 14 units and C's demand is for units (assuming that there are only three consumers in the market), the market demand is ______.
If prices of cars rise, many people may put off buying a new car. So the demand for petrol will fall.
If a good is inferior good, then purchases of that good will decrease when ______.
State whether the following statement is true or false. Give reasons.
The law of demand states a direct relationship between price and demand.
Why does the demand curve always slope downwards?
