Basic assumptions of law of demand include ______?

طلب کے قانون کے بنیادی مفروضوں میں ______ شامل ہے؟

Prices of other goods should change

The commodity should not confer any distinction

There should be substitute for the commodity

The demand for the commodity should not be continuous

Explanation

The basic assumptions of the law of demand include the commodity should not confer any distinction.

This means the law assumes that the commodity being analyzed is homogeneous and that the demand for it is influenced solely by changes in its own price, without considering differences in preferences or the presence of unique attributes.