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In which situation demand increases and …

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In which situation demand increases and price increases ? Explain with an appropriate example.

Posted by Ananya Hira 6 years, 11 months ago

CBSE > Class 11 > Economics

3 answers

M.Pragathesh 2002 6 years, 11 months ago

Necessary goods such as food products

Pagal? Panti? 5 years, 7 months ago

Awwwww.....

Chesta Pawan Manchanda 6 years, 11 months ago

In case of inferior goods price increase causes increase in demand. Let's take an example BMW car is counted in inferior goods if its price decreases then the buyers whose demand is inelastic will shift to an another good and its demand will decrease then seller will have to increase its price to increse its demand

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