Question

2.
Answer the following questi
ons pointwise :
(1) Explain “Price rise is beneficial as well as a hindrance in economic development”.​

Answer 1

Answer:

price rise is beneficial to as well as a hindrance in economic development because,

• if the prices increases for a particular substance then the profit margins of the manufacturing company will technically increase if they are able to maintain the same amount of production cost which was before the price rise.
• but, on the same time, the price rise will surely decrease the market demand for that substance because the costumer always looks for a good quality product in a cheap price. if price rises for a certain product the consumers will definitely looks for a cheaper alternative before paying that increased price. in this way, the market demand gets affected in a negative way..

Answer 2

Explanation:

this is doctor's writing