When the price of petrol goes up, demand of cars will ________. (incre – InterviewSolution

1.	When the price of petrol goes up, demand of cars will ________. (increases / decreases / not change / remain unchanged), Fill in the blank with appropriate alternative given in the bracket.
Answer» Answer : DECREASE. Few lines - When the PRICE of petrol increase, demand of cars will "decrease". Cars are run by petrol. If the price of the petrol rises then the demand of cars will FALLS. DEMAND - Demand is the quantity of certain goods which are DESIRED by the consumers from the market. THE LAW OF DEMAND - This is a inverse RELATIONSHIP between the prices of goods and it's demand . If the price of the goods rise then their demand will fall . In other words , The higher the price , The lower the quantity demanded . Demand curve is DOWNWARD from left to right .

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