Economics · Theory of Demand
Other things remaining equal (ceteris paribus), a decrease in the quantity demanded of a commodity is caused by:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A change in consumer preferences
- 2An increase in the consumer's income
- 3A decrease in the price of that commodity
- 4An increase in the price of that commodity✓
Correct answer
An increase in the price of that commodity
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