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प्रश्न
What effect might government policy (like GST) have on demand for luxury goods?
विकल्प
Demand always increases
No effect on demand
Demand decreases due to higher taxes
Demand increases due to subsidies
MCQ
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उत्तर
Demand decreases due to higher taxes
Explanation:
Taxes such as GST make luxury goods costlier, reducing their demand.
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