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प्रश्न
State the impact of the following changes on the demand curve of a commodity:
A rise in the price of the commodity
टिप्पणी लिखिए
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उत्तर
A rise in the price of a good reduces the demand for it. Individuals' money income does not increase in the same proportion as the price of a good. Thus, an increase in the price of a thing reduces demand for that specific commodity.
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अध्याय 2: Elementary Theory of Demand - QUESTIONS [पृष्ठ ५८]
