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estashminDuk estashminDuk
  • 05-02-2016
  • Business
Answered

Which of the following DOES NOT affect demand?

Aincome
Bessential goods
Csubstitute goods
Ddiminishing marginal utility

Verified Answer :

Kalahira
Kalahira Kalahira
  • 08-01-2018

Essential goods does not affect demand for we cannot live without it. That is why the demand for essential goods will remain constant even if there is a change in price. An example is medicine; people will buy this to cure their ailment regardless of a price increase.

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