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Management · Q332

Managerial Economics

Graduate and Post Graduate · Management · question 332

Q332

In case a decrease in price of a commodity results in an increase in its demand on a negatively sloping demand curve, it is called

A.
an increase in demand
B.
an increase in quantity demanded
Answer
C.
law of demand
D.
All of the above

Answer: Option B

Solution

Answer: Option B
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