Maharashtra State Board course HSC Science (General) 12th Board Exam
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State Whether the Following Statement is True and False Quantity Demanded Varies Directly with Price. - Economics

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Question

State whether the following statement is TRUE and FALSE

Quantity demanded varies directly with price.

Solution

FALSE

Quantity demanded has an inverse relation with the price of a commodity. Other things remaining constant, as the price of the commodity increases, the quantity demanded decreases, and vice-versa.

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APPEARS IN

 Micheal Vaz Solution for Micheal Vaz Class 12 Economics (2019 to Current)
Chapter 3: Demand Analysis
Exercise | Q: 3.4 | Page no. 24

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Solution State Whether the Following Statement is True and False Quantity Demanded Varies Directly with Price. Concept: Demand.
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