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प्रश्न
State whether the following statement is true or false. Give reasons.
An increase in the demand for a commodity is due to a fall in its price.
पर्याय
True
False
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उत्तर
This statement is true.
Explanation:
Yes, according to the rule of demand, when the price of a good declines, the quantity wanted rises, as price and quantity demanded have an indirect relationship.
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