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प्रश्न
Read the following statements carefully and choose the correct alternative from the following:
Statement 1: Demand is a stock variable.
Statement 2: Demand for a commodity is meaningless without reference to its price.
पर्याय
Both the Statements are True.
Both the Statements are False.
Statement 1 is True & Statement 2 is False.
Statement 2 is True & Statement 1 is False.
MCQ
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उत्तर
Statement 2 is True & Statement 1 is False.
Explanation:
Demand is a flow variable because it is measured over a period of time, so Statement 1 is false. Demand must be stated with reference to price, so Statement 2 is true.
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