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प्रश्न
True or False with Reasons:
A rise in price of tea will lead to an upward movement in the demand curve of coffee.
रिक्त स्थान भरें
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उत्तर
This statement is false.
Explanation:
- Tea and coffee are substitute goods, so a rise in the price of tea increases demand for coffee.
- This causes a rightward shift in coffee’s demand curve, not an upward movement along it.
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