Start learning →

The law of demand is considered qualitative because it describes only:

ADirection of change
BExact rate of change
CPrecise volume sold
DTotal profit gained
Answer & Solution
Correct answer: A. Direction of change
The law specifies the direction of quantity changes without giving numerical sizes.
Practise this question with Quill — ICSE Class 10 →

Keep practising Theory of Demand & Elasticity

Browse all Theory of Demand & Elasticity questions for ICSE Class 10, or explore more Economics topics.

Start a Theory of Demand & Elasticity lesson →