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The demand of a product is known to vary with the price of the product. The price was varied to take 6 different values on
The demand of a product is known to vary with the price of the product. The price was varied to take different values on consectuive days. The price over the six days was and respectively; while the demand was found to be and units respectively. The expected demand of the product at the price of INR is units. The demand of this product is likely to by units for a unit increase in the price. a decrease, b decrease, c decrease, d increase,
The demand of a product is known to vary with the price of the product. The price was varied to take different values on consectuive days. The price over the six days was and respectively; while the demand was found to be and units respectively. The expected demand of the product at the price of INR is units. The demand of this product is likely to by units for a unit increase in the price.
a decrease,
b decrease,
c decrease,
d increase,
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