Question:

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