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1. How does demand curve moves in case of exception to Law of demand?a) UpwardDownward C) Positive d) Negativeuse fb) |
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Answer» Downward Explanation: Now the law of DEMAND states that all conditions being equal, as the price of a product increases, the demand for that product will DECREASE. The graph shows the demand CURVE shifts from D1 to D2, thereby demonstrating the inverse relationship between the price of a product and the quantity demanded. |
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