. A fall in the price of a commodity leads to
(1) A rise in Consumer’s real income
(2) A shift in demand
(3) A fall in demand
(4) A fall in Consumers real income
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Answer Posted / odongo frederick bob
if the good is not a neccesity or has a close substitute,
the fall in its price will make it look inferior and
consumers will shift their demand to the close substitute.
| Is This Answer Correct ? | 5 Yes | 8 No |
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