Social Sciences, asked by virendrakumarmishra7, 4 months ago

Explain : “Price rise is beneficial to as well as a hindrance in economic development for four marks

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Answered by salma89

Answer:

Answer: If the price increase for a particular commodity then the profit margins of the producting industry will increase if they are able to maintain the same amount of production cost which was before the price rise. ... If price rises for a commodity consumers will look for alternative choices.

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