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प्रश्न
True or False with Reason:
In measuring price elasticity, price is a dependent variable and quantity is an independent variable.
चूक किंवा बरोबर
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उत्तर
This statement is false.
Explanation:
- Quantity demanded depends on the price of the commodity.
- Therefore, price is the independent variable and quantity demanded is the dependent variable.
- Correct relationship is: quantity demanded is a function of price.
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