Solved UPSC CDS/OTA Question
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Q · Demand and SupplyMedium · 45s
What does the Law of Demand state?
TopicDemand and Supply
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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The Law of Demand means an inverse relationship between price and demand.
Final Answer: Option B - When price rises, demand falls