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प्रश्न
Which of these is NOT an assumption of the Law of Demand?
पर्याय
No change in the consumer's income
Consumers do not expect any change in the price of the commodity in the near future
The price of substitute remains constant
The number of firms supplying the commodity does not change
MCQ
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उत्तर
The number of firms supplying the commodity does not change
Explanation:
The Law of Demand primarily focuses on the relationship between the price of a good and the quantity demanded, assuming other factors remain constant. Assumptions of the Law of Demand include no change in consumer income, constant expectations about future prices, and constant prices of substitutes.
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