Question

Q1. .State whether the following statement is true or false.
‘The demand for a commodity always increases with increase in the prices of
other goods’. Give reason also.

Answer 1

Answer:

yes

Explanation:

because people thinks that the costly things are long durable and best than other goods.

So, the demand for a commodity always increases with increase in the prices of other good.

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Answer 2

Answer:

Explanation:TRUE