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This question belongs to Commerce Economics
Economics
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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?

Answer & Solution
Correct Answer: Option C
Only price changes and all others like price of related goods, income, taste and preference remain constant, while drawing an individual's Demand curve for a commodity.
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6 Comments
Saurav Gaurav
Saurav Gaurav 4 years ago
Question statement is wrong , all but not one ....should be the statement
Only then option c will be the right ans
Ketaki Limaye
Ketaki Limaye 6 years ago
The law of demand assumes the prices of other commodities to remain constant (substitutes, complementary). If it considers the price of the commodity under consideration to be constant then while drawing the demand curve, it will parallel to the X-axis. (And that can have different interpretations). The answer given (Option C) is incorrect. Please look into this as this is one of the very basic theories of microeconomics.
Rajashekharayya Hiremath
Rajashekharayya Hiremath 7 years ago
As we know that price of the concerned commodity is the major determinant of the demand for the same commodity, then how come it remains same?
Shweta Kiran
Shweta Kiran 7 years ago
Why is it so?
Ritika Maurya
Ritika Maurya 8 years ago
how?
Acs Ca
Acs Ca 9 years ago
question should be "all but not one of the .................. " and then the given answer can be accepted as a correct answer.
isn't it ?