All but one of the following are assumed to remain the same while drawing an individual’s demand curve for a commodity. Which one is it?
A. The preference of the individual.
B. His monetary income.
C. Price.
D. Price of related goods.
Answer:C
All but one of the following are assumed to remain the same while drawing an individual’s demand curve for a commodity. Which one is it?
A. The preference of the individual. B. His monetary income. C. Price. D. Price of related goods.