-There should not be any change in income of consumer -There should not be any change in Taste ,preferences, habits and fashion of consumers -There should not be any change in Price of the related commodity -Population should be constant -Should not anticipate any price change in the future -The seasons and climate should not change -No change in government policy -Commodity should be normal one -There should be no change in the population size -Distribution of income and wealth should be equal -There should be continuous demand -There should be perfect competition in the market
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
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