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Explain how quantity demanded for commodity X will be affected by Consumer credit facility. - Economic Applications

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प्रश्न

Explain how quantity demanded for commodity X will be affected by Consumer credit facility.

एका वाक्यात उत्तर

उत्तर

Consumer credit facilities raise demand for commodity X because consumers are tempted to buy commodity X that they would not have purchased otherwise.

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Determinants of Demand Or Demand Function
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पाठ 1: Elementary Theory of Demand - QUESTIONS [पृष्ठ २३]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 1 Elementary Theory of Demand
QUESTIONS | Q 2. d (ii) | पृष्ठ २३
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