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प्रश्न
If prices of cars rise, many people may put off buying a new car. So the demand for petrol will fall.
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
If car prices rise, some people may delay or avoid purchasing a new car. Since cars and petrol are complementary goods, a decrease in car purchases would likely lead to a decrease in the demand for petrol.
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संबंधित प्रश्न
The Law of Demand was introduced by ______.
State with reason whether you agree or disagree with the following statement.
There is an inverse relationship between price and demand.
Increase in demand is caused by
State with reason whether you agree or disagree with the following statement :
When price of Giffen goods fall, the demand for it increases.
If a good is inferior good, then purchases of that good will decrease when ______.
State the law of demand.
Explain four circumstances under which the law of demand does not operate.
Identify the correct statement from the following alternatives:
State whether the following statement is true or false. Give reasons.
The law of demand states a direct relationship between price and demand.
Which formula correctly expresses the factors that determine the demand for a commodity?
