Identify the correct statements from the following in respect to the demand of a commodity. A. The demand function is a relation between the amount of the good and its price when other things remain same. B. The slope of the demand curve measures the rate at which demand changes with respect to its price. C. If the substitution effect is stronger than the income effect, then demand and price of good will have positive relation. D. The market demand curve of a good can also be derived by adding individual demand curves vertically. Choose the correct answer from the options given below:

Question

Option 1: B, C, and D only

Option 2: A, B and D only

Option 3: B and C only

Option 4: A and B only

AfterBoards · Accepted Answer

The answer is 'A and B only'. View full solution:

CUET Economics 2026 19th May Shift 2 PYQs

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