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M
Question Practice

An increase in product price generally leads to what effect on demand, assuming all else is equal?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Business Studies
Business Studies - II
Marketing
Question Bank

An increase in product price g...

Single Answer MCQ
Q-00092919

An increase in product price generally leads to what effect on demand, assuming all else is equal?

1

Increase in demand

2

Decrease in demand

3

No change

4

Increase in costs

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