"The demand curve of a commodity will not obey the law of demand, i.e., it will not slope downwards if there is a rise in the price of substitute goods". Comment.

"The demand curve of a commodity will not obey the law of demand, i.e.

1.	"The demand curve of a commodity will not obey the law of demand, i.e., it will not slope downwards if there is a rise in the price of substitute goods". Comment.
Answer» <html><body><p></p>Solution :The given statement is correct. With rise in <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> 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 commodity <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 <a href="https://interviewquestions.tuteehub.com/tag/obey-584473" style="font-weight:bold;" target="_blank" title="Click to know more about OBEY">OBEY</a> the law of demand because demand curve is drawn on an assumption that there is not change in other determinates of demand.</body></html>