tells us about the, ‘direction’ of change in demand in response to a change in any of its determinants; it, however does not tells us anything about the ‘magnitude’ of change

Exam Question

…tells us about the, ‘direction’ of change in demand in response to a change in any of its determinants; it, however does not tells us anything about the ‘magnitude’ of change

• 1. Law of demand
• 2. Demand function
• 3. Both
• 4. None

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