Assumptions of the Law:
------------------------

1. The units of consumption must be in standard units e.g., kg, litre, a cup, etc.

2. All the units of the commodity must be identical in all aspects like taste, quality, colour, size, etc.

3. The process of consumption should be continues without any time gap.

4. The consumer`s taste, habit or preference must remain the same during the process of consumption.

5. The income of the consumer remains constant.

6. The prices of the commodity consumed and its substitutes are constant.

7. The marginal utility of money remains constant.

8. The consumer is assumed to be a rational economic man. As a rational consumer, he wants to maximize the total utility.

9. Utility is measurable.