If we expect a rise in price in near future of a commodity, then demand will increase. State true or false.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

If an increase in price is expected, consumers will want to stock more of a commodity. Hence, the demand will increase.

Suggest Corrections

Similar questions

When the price of a commodity falls, its demand increases. State true or false.

Both nominal and real GDP increase with the rise in the price level. State true or false.

Join BYJU'S Learning Program