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