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"Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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the UPSC exam syllabus. Information about "Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam.
Find important definitions, questions, meanings, examples, exercises and tests below for "Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer?.
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Here you can find the meaning of "Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
"Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for "Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of "Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice "Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps, a day's labour, the rent of houses, etc. were to double. Prices then would certainly rise, but- values of all things except one would not."The writer wants to say that if prices of all things were doubleda)the values of all things would remain constant.b)the values of the things sold would be doubled.c)the values of the things bought would be halved.d)the value of money only would be halved.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.