In this ques. C option can also be the answer with option A. Please explain me why C option is not considered? As due to wrong anticipation of manufacture can also impact on Demand/supply imbalance.
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Even if the consumer income rises, its coefficient is very less. Because they won’t start buying 10-15 phones.
Option A is best suitable answer here.
Individual won’t start buying 10-15 phones together but on the whole if income of the consumer rises in the economy then everyone will prefer new technology phone at less price with high income, which consider both A & C option.
Sir, please response to my query with explanation of solution.
Please refer to this query and provide optimum solution.
Abhinav questions asking most accuarate/plausible answer can have one, two or all answer correct but comparetively one will be the most accuarate. The best example is the one following-
If an analyst suspects a client or a colleague of planning or engaging in ongoing illegal activities, which of
the statements about the actions that the analyst should take is most correct? According to the CFA Institute
Standards of Professional Conduct, the analyst should:
A) consult counsel to determine the legality of the activity and disassociate
from any illegal or unethical activity if the member has reasonable
grounds to believe that the activity is illegal or unethical.
B) disassociate from any illegal or unethical activity if the member has
reasonable grounds to believe that the activity is illegal or unethical.
C) consult counsel to determine the legality of the activity
Neither B nor C ia an incorrect statement but comparetively A is most accuate one.
In your doubt option A is the most likely one.
I hope you got the point.