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प्रश्न
Which is an assumption to law of demand?
विकल्प
No change in price of factor input.
No change in size and composition of population.
No change in number of firms operating in a market.
No change in goal of a firm.
उत्तर
No change in size and composition of population.
Explanation:
The population's size and composition assumptions are crucial because, even in the absence of price changes, shifts in the population can have an impact on the total demand for a given good. The remaining options will affect a commodity's supply rather than its demand.
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संबंधित प्रश्न
What are the assumptions of the Law of Demand?
State with reason whether you agree or disagree with the following statement.
Price is the only determinant of demand.
| Price (in ₹) | QA (units) | QB (units) | QM (market demand)(units) |
| 10 | 4 | 5 | ______ |
| 20 | 3 | 4 | ______ |
| 30 | 2 | 3 | ______ |
| 40 | 1 | 2 | ______ |
Complete the above schedule and answer the following:
- Identify and state the underlying law.
- State four assumptions of the law.
- Draw three relevant curves based on the above schedule in one diagram.
Following is not the assumption of law of demand:
Which of these is NOT an assumption of the Law of Demand?
