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An increase in the price of electricity will cause the demand for electric appliances to ______. - Economics

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Question

An increase in the price of electricity will cause the demand for electric appliances to ______.

Options

  • Rise

  • Fall

  • Remain the same

  • None of these

MCQ
Fill in the Blanks

Solution

An increase in the price of electricity will cause the demand for electric appliances to fall.

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Chapter 2: Elementary Theory of Demand - Exercise [Page 55]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 2 Elementary Theory of Demand
Exercise | Q 14. | Page 55
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