Which of the following is a correct statement?
| A. | Decrease in input prices causes a leftward shift in the supply curve |
| B. | The desire for a commodity backed by ability and willingness to pay is demand |
| C. | When income increases, the demand for essential goods increases more than proportionately |
| D. | The demand for a commodity is inversely related to the price of its substitutes |
Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
