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As per the law of demand, if all other c...

As per the law of demand, if all other commodities remain the same, then the relation between the demand and price of a commodity is

A

Negative

B

No Relation

C

May be Positive or Negative

D

Positive

Text Solution

Verified by Experts

The correct Answer is:
A
The Law of Demand states that when the price of a commodity rises, then its demand fall and vice versa keeping all other things constant. So, if the demand and price are inversely proportional to each other.
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