The demand for industrial products is geographically concentrated. State true or false.
True
False
True. The demand for industrial products is geographically concentrated because industries of the same kind tend to be clustered in the same region.
A common practice in the case of industrial products is to lease out the product than to buy it. State true or false.
The market demand curve for monopolistic competition is flatter than the demand curve for monopoly. State true or false.
'Demand is the feeling of being deprived of something'. State true or false.
India is heavily dependent on petroleum products for its energy needs. State true or false.