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प्रश्न
True or False with Reasons:
The demand for a commodity always increases with increase in the price of other goods.
चूक किंवा बरोबर
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उत्तर
This statement is false.
Reason:
- If the price of a substitute rises, demand for the given commodity tends to increase.
- If the price of a complementary good rises, demand for the given commodity tends to decrease; therefore, demand does not always increase.
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