Grade 11 Exam  >  Grade 11 Questions  >  What is the primary consequence of a decrease... Start Learning for Free
What is the primary consequence of a decrease in purchasing power during inflation?
  • a)
    Increased demand for luxury goods
  • b)
    Decreased demand for luxury goods
  • c)
    Increased supply of essential goods
  • d)
    Decreased supply of essential goods
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the primary consequence of a decrease in purchasing power duri...
Decreased purchasing power leads to reduced demand for luxury goods.
Explore Courses for Grade 11 exam

Top Courses for Grade 11

Question Description
What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? for Grade 11 2025 is part of Grade 11 preparation. The Question and answers have been prepared according to the Grade 11 exam syllabus. Information about What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Grade 11 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer?.
Solutions for What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Grade 11. Download more important topics, notes, lectures and mock test series for Grade 11 Exam by signing up for free.
Here you can find the meaning of What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the primary consequence of a decrease in purchasing power during inflation?a)Increased demand for luxury goodsb)Decreased demand for luxury goodsc)Increased supply of essential goodsd)Decreased supply of essential goodsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Grade 11 tests.
Explore Courses for Grade 11 exam

Top Courses for Grade 11

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev