Question

give reason why more of a commodity is demanded even when own price of the commodity happens to rise​

Answer 1

Answer:

Income effect: (a) Quantity demanded of a commodity changes due to change in purchasing power (real income), caused by change in price of a commodity is called Income Effect, ... Thus, rise in price of commodity leads to fall in real income, which will thereby reduce quantity demanded is known as Income effect.

Explanation:

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