1.

The demand curve of a commodity may not obet the law of demand if price of its substitude rises.

Answer» <html><body><p><br/></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :With rise in price of substitutes, the demand <a href="https://interviewquestions.tuteehub.com/tag/curve-941741" style="font-weight:bold;" target="_blank" title="Click to know more about CURVE">CURVE</a> of the <a href="https://interviewquestions.tuteehub.com/tag/commondity-2530415" style="font-weight:bold;" target="_blank" title="Click to know more about COMMONDITY">COMMONDITY</a> <a href="https://interviewquestions.tuteehub.com/tag/may-557248" style="font-weight:bold;" target="_blank" title="Click to know more about MAY">MAY</a> not obey the law of demand because demand curve is drawn on an assumption that there is no <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in other determinants of demand.</body></html>


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