Pakistan's best MCQs practice hub — FPSC · PPSC · CSS · NTS · Other Exams
Login

The law of demand states that, ceteris paribus:

AAs price increases, demand increases
BAs price decreases, quantity demanded increases
CAs income increases, demand decreases
DAs price decreases, supply increases

Explanation

Quantity demanded rises when price falls, holding other factors constant.

Submitted by: mcqstutor Team More Economics MCQs →

No Comments

Leave a comment

Your email address will not be published. Required fields are marked *