Home ยป Price and demand are positively correlated in case of Demand and Supply MCQs Price and demand are positively correlated in case of September 27, 2022 2 Views Q. Price and demand are positively correlated in case of: NecessitiesComfortsGiffen goodsLuxuries Answer: Giffen goods
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to