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Demand — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsDemand1 Mark
MCQ
In the law of demand,
  • A
    Price Is effect variable and demand is cause variable
  • ✓
    Price is cause variable and demand is effect variable
  • C
    Income is cause variable and demand is effect variable
  • D
    Price and demand are cause variable and income is- effect variable
✓

Answer

Correct option: B.
Price is cause variable and demand is effect variable
Price is cause variable and demand is effect variable

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