(A) Environment Effect
(B) Income Effect
(C) Substitute Effect
(D) Price Effect
Answer: (D) Price Effect
Demand curve shows how an individual reacts to change in price. Demand curve can be derived by adding sum of all individual consumer’s demand.
Category: FPSC Economics Lecturer Test Past Papers
FPSC Economics Lecturer (BS-17) Test Past Papers Solved MCQs Questions with Answers.