Q. The relation between the consumer’s optimal choice of the quantity of a good and its price is very important and this relation is called the ________ function.
A) Substitution
B) Price
C) Demand
D) Supply
✔ Correct Answer: Demand
Exam Insight
-
A) Substitution
B) Price
C) Demand
D) Supply
✔ Correct Answer: Demand
-
Explore educational articles, current affairs, science, technology, history, politics, business and hundreds of learning resources organized into categories.
Explore the most searched educational topics.
Explore Sarkari Jobs, Admit Cards & Results easily on TutorliV
Practice topic-wise MCQs for competitive exams like SSC, UPSC, Banking & more.