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Demand — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsDemand2 Marks
Question
Which commodities are called prestigious commodity ?
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Answer

  • Commodities $($goods$)$ consumed by the very rich people to enhance their social status and prestige are called prestigious commodity. Their demand is likely to remain unchanged or increase when their price rises.

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