Question Description
What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer?.

Solutions for What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What happens to the demand for necessities of life (e.g., food, clothing) when their prices increase?a)The demand for necessities decreases.b)The demand for necessities increases.c)The demand for necessities remains unchanged.d)The demand for necessities becomes perfectly elastic.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.