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An Individual Demand Curve Slopes Downward to the Right Because of The: - Current Affairs Including General Knowledge

MCQ

An individual demand curve slopes downward to the right because of the:

Options

  • Working of the law of diminishing marginal utility

  • substitution effect of decrease in price

  • income effect of fall in Price

  • All of the above

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Solution

All of the above

Concept: Economic Current Affair (Entrance Exam)
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