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when price falls demand will increase …

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when price falls demand will increase if prices also rises demand as also rises? do you agree this statement ?gives reason

    • Posted by Priya Singh 6 years, 11 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Madan Batra 6 years, 11 months ago

    Yes if we suppose there are 2 goods and are substitute to each other for example tea and coffe if there is increase in price of coffe the demand for tea will also increase

    0Thank You

    Nikhil Kumar 6 years, 11 months ago

    No,demand will not rise as law of demand state that there is negative relationship between quantity demanded and price of the commodity

    0Thank You

    Nancy Dhanda 6 years, 11 months ago

    No, demand does not rise when price rise because their is inverse relationship between price and demand

    1Thank You

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