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Business Studies

Pre-Production

Price-consump...

Question

Price-consumption curve may be _______.

A

downward sloping

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B

upward sloping

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C

backward sloping

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D

any shape

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Solution

The correct option is D any shape
Price-consumption curve may be any shape. Price-consumption curve indicates the different levels of quantity demanded when its price changes. This curve depends on the nature of the commodity.

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