If the rate of inflation falls down from current 8% to 6%, the price of your favourite ice-cream may —

CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · December 2013
If the rate of inflation falls down from current 8% to 6%, the price of your favourite ice-cream may —
(A) Fall
(B) Rise
(C) Remain unchanged
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Rise.

Topics: Business Economics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic