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. 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

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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