Question:
Write any two reasons why prices of products vary in one shop as compared to another shop.
Write any two reasons why prices of products vary in one shop as compared to another shop.
Updated On: Jan 13, 2026
Hide Solution
Verified By Collegedunia
Solution and Explanation
Two reasons why prices of products vary between shops are:
1. Location of the shop – Shops in high-rent or high-demand areas may charge higher prices due to their operating costs.
2. Branding and quality – Different shops may sell products with varying quality or branding, which can result in price differences.
Was this answer helpful?
0
0
Top Questions on Economics
- In human, the deficiency of vitamin E causes
- Name the type of market competition in which there are a large number of sellers in the market for a commodity, but the product of each seller differs in some respect from the product of the other sellers; and product differentiation is the cornerstone.
- Whether to use more resources in education and health or to use more resources in building military services. Which of the central problems of an economy is accurate for this?
Match List-I with List-II
List-I (Term/Name) List-II (Characteristics) (A) Privatisation (I) Work which focuses on providing services like trade, transport, financial services etc. (B) Disinvestment (II) Spread of investment into different types of economic activities in order to reduce risks. (C) Tertiary sector (III) Private companies can invest in sectors earlier reserved for the government. (D) Diversification (IV) The government sells its share in public sector companies.
Choose the correct answer from the options given below:- Match List-I with List-II: \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Analysis assumes that level of utility can be expressed in numbers.} & (I) & \text{Cardinal Utility} \\ \hline (B) & \text{Change in total utility due to consumption of one additional unit of a commodity.} & (II) & \text{Law of Diminishing Marginal Utility} \\ \hline (C) & \text{Marginal utility from consuming each additional unit of a commodity declines as its consumption increases.} & (III) & \text{Marginal Utility} \\ \hline (D) & \text{The amount of mangoes that the consumer has to forego in order to get an additional banana, her total utility level being the same.} & (IV) & \text{Marginal Rate of Substitution} \\ \hline \end{array} \]
View More Questions
Questions Asked in CBSE X exam
- Assertion : In human beings, the respiratory pigment is haemoglobin present in red blood cells.
Reason (R) : Haemoglobin has a very high affinity for carbon dioxide.- CBSE Class X - 2026
- Life Processes
- The dimensions of a window are 156 cm \(\times\) 216 cm. Arjun wants to put grill on the window creating complete squares of maximum size. Determine the side length of the square and hence find the number of squares formed.
- CBSE Class X - 2026
- Real Numbers
- Assertion (A): Reflex actions do not involve thinking.
Reason (R): Most reflex actions are controlled by the spinal cord.- CBSE Class X - 2026
- Nervous system
- Draw the ray diagram for the image formation by a lens which shows a magnification of +2.
- Define Self-management and explain how it helps in personal and professional growth.
- CBSE Class X - 2026
- Self-management Skills
View More Questions