Exam
Vibe
Home
Engineering
Aerospace Engineering
Biomedical Engineering
Chemical Engineering
Civil Engineering
Computer Science
Electrical Engineering
Electronics and Communication Engineering
Mechanical Engineering
Govt Exam
Banking Exams
Other Government
Police
Railway Exams
SSC
State PSC Exams
Teaching / Education Exams
UPSC Exams
Blog
Contact
🔍
Home
›
UPSC Exams
›
UPSC Indian Economic Service IES
›
What does the law of demand state?
What does the law of demand state?
A. Demand increases as price increases
B. Demand decreases as price increases
C. Demand remains constant
D. Demand fluctuates randomly
Explanation:
Law of demand states demand decreases as price increases.
Tags:
UPSC Indian Economic Service IES
,
UPSC Exams
Next »
More from UPSC Indian Economic Service IES:
Which index is used to measure inflation?
The fiscal deficit indicates:
In the IS-LM model, what does the LM curve represent?
Marginal propensity to consume (MPC) is:
Which of the following is NOT a direct tax?
Inflation caused by increase in aggregate demand is called: