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प्रश्न
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
विकल्प
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
उत्तर
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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संबंधित प्रश्न
Explain any three factors that affect the demand for a commodity.
What will be the impact of a rise in price on the demand for its complementary goods?
Which of the following is not a determinant of demand?
With an increase in income, the consumption of which good, the consumer reduces ______.
The demand for a Good X increases when the price of its substitute ______ OR when the price of its complements ______.
If price of X increases, then demand for Y too increases. What is the relationship between goods X and Y? Give an example.
Explain how quantity demanded for commodity X will be affected by Government policy.
What do you mean by a normal good?
Give the meaning of Income demand.
Give two examples of complementary goods.
