what will happen to your demand for apples if price rises from Rs80/kg to Rs100/kg assuming that income, taste and preferences etc do not change?
Answers
Answered by
1
for a person with less income it would be a disaster because increase in the rates by 25% is big change for him on the other hand for a rich person it doesn't matter he will buy it if he wants but a person with fewer money and many wants will surely control the quantity he needs
Similar questions