Exchange value of a commodity refers to:

CA Foundation · Business Economics · RTP · May 2026
Exchange value of a commodity refers to:
(A) A. Its usefulness
(B) B. Its sentimental worth
(C) C. Its command over other goods
(D) D. Cost of production

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Its command over other goods

Topics: Nature & Scope of Business Economics

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