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Which one of the following is not an assumption in the law of demand?
ক
There are no changes in the taste and preferences of consumers
খ
Income of consumers remains constant
গ
Consumers are affected by demonstration effect
ঘ
There are no changes in the price of substitute goods.
When the seller manipulates the price, it is known as
ক
Caveat Emptor
খ
Unfair trade practices
গ
Restricted trade practices
ঘ
None of the above
A firm that produces highly substitute goods can adopt which one of the following pricing strategies?
ক
Transfer pricing
খ
Going Rate pricing
গ
Product bundling
ঘ
Full cost pricing