Economics · Theory of Demand

Which of the following is NOT among the specific 'ceteris paribus' (other things remaining equal) assumptions required for the Law of Demand to hold valid?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The size and demographic composition of the population remain stable.
2The prices of related commodities (substitutes and complements) are allowed to vary freely.✓
3There is no expectation regarding future price changes.
4The consumer's income remains constant.

Correct answer

The prices of related commodities (substitutes and complements) are allowed to vary freely.

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Theory of Demand?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Theory of Demand

Which of the following territories was annexed by Lord Dalhousie under the pretext of misgovernance, and not directly through the Doctrine of Lapse?

What was the primary stated reason for the Partition of Bengal in 1905 by Lord Curzon?

Related Practice Questions