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INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT2 Marks
Question
How can we say that demand changes during economic development?
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Answer

Development tends to increase the income of the people. This changes their tastes an preferences. As a result, their demand changes.

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