Q.

Which of the following statements has been drawn by inductive method?

A. A consumer will buy from the cheapest market
B. All businessmen wish to buy at low price and sell at high price
C. A private firm will try to maximize its profits
D. The larger the stock of money with a person, the lower is the utility that he
Answer» B. All businessmen wish to buy at low price and sell at high price
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Micro Economics 1

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