Economics · Demand and Supply
Other things remaining equal, a decrease in the quantity demanded of a commodity can be caused by which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An increase in the price of that commodity✓
- 2A decrease in the price of that commodity
- 3An increase in the consumer's income
- 4A decrease in the consumer's income
Correct answer
An increase in the price of that commodity
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