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Business Data Management · End Term · 24 Dec 2023 · September 2023 term · Set FDD1

Question 14: What can be inferred about the relationship between inco…

Question 14

+1 markOne or more correct options

What can be inferred about the relationship between income and the demand for goods with fixed prices? [Select all that apply]

Select all that apply.

  1. A

    Demand might increase for some goods

  2. B

    Demand might decrease for some goods

  3. C

    Demand will increase for all goods

  4. D

    Demand will decrease for all goods

Show answer

Correct answers

  • A

    Demand might increase for some goods

  • B

    Demand might decrease for some goods

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Question 14 of 22 in the IIT Madras BS Business Data Management (BDM) End Term paper sat on 24 Dec 2023, in the September 2023 term (IIT M DIPLOMA FN EXAM FDD1 24 Dec 2023). It carries 1 mark.

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