Question

The impact of price rise on demand can be studied
with the help of
method
O Survey
O Observation
O Experiment
O Interview​

Answer 1

Answer:

The impact of price rise on demand can be studied with the help of SURVEY.

Explanation:

• The law of demand states that other things remaining the same, the price and demand of a product have an inverse relationship.
• If the price rises, the demand will go down
• If the price decreases, the demand will increase.

The impact of price rise on demand can be studied with the help of SURVEY because the impact of price rise on demand can be studied through a survey from an aggregate level, Survey involves the study or behavior of a community from a particular topic.

• experiment & interview will not be the correct answer because the experiment is done on a scientific basis to prove any new thing, on the other hand, an Interview is done for personnel of the company which does not have any connection to the impact of price rise.

Thus, we can find the impact of price rise on demand through a survey.

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Answer 2

Answer:

The impact of price rise on demand can be studied with the help of

method.

Survey

Explanation:

• The impact of price rise on demand can be studied with the help of survey.
• Survey is the process or the act to examine a process of selecting the sample of individuals to obtain the data about the service or any process.
• For example- data collection are the types of surveys which collect the information from the targeted group.
• We can study the impact of price rise on demand can be studied with the help of survey because- the impact of price rise on demand can be studied with the help of survey.
• The law of demand states that- other things remain the same, the price and demand of a product have an inverse relationship.

Hence, the impact of price rise on demand can be studied with the help of survey method.