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Demand for petrol had increased . …

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Demand for petrol had increased . However supply cannot be increased due to heavy import costs . Explain the measures the government can adopt to reduce the demand for petrol

    • Posted by Vanita Madhapariya 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Harshita Khapra 7 years, 11 months ago

    Govt.increase the price of petrol and also impose heavy tax on petrol

    1Thank You

    Shruti Somani 7 years, 11 months ago

    Govt can reduce the demand by increasing the price of petrol or imposing taxes on it. So when price increases demand decreases due to law of demand

    2Thank You

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