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Other things being equal, a decrease in quantity demanded of a commodity can be caused by
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- a rise in the price of the commodity
- a rise in the income of the consumer
- a fall in the price of a commodity
- a fall in the income of the consumer
- a rise in the price of the commodity
Correct Option: A
In economics, the law states that, all else being equal, as the price of a product increases, quantity demanded falls; likewise, as the price of a product decreases, quantity demanded increases. So basically the quantity demanded and the price of a commodity is inversely related, other things remaining constant.
