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प्रश्न
What is price demand?
Explain the following:
Price Demand
स्पष्ट कीजिए
लघु उत्तरीय
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उत्तर
The functional relationship between the demand for a commodity and its price is referred to as price demand. Typically, there is an inverse relationship between the price of a commodity and the quantity demanded, meaning that as the price increases, the demand usually decreases, and vice versa.
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