Rise in the price of a commodity means Options: A . &nbspfall in the value of currency only B . &nbsprise in the value of commodity only C . &nbsprise in the value of currency only D . &nbspfall in the value of currency and rise in the value of commodity

Rise in the price of a commodity means

Question

Rise in the price of a commodity means

Options:

A . fall in the value of currency only

B . rise in the value of commodity only

C . rise in the value of currency only

D . fall in the value of currency and rise in the value of commodity

Answer: Option A
Answer: (a)When the price level rises, each unit of currency buys fewer goods and services.So rise in the price of a commodity means fall in the value of currency only.

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