What will happen to demand when a larger proportion of people belong to older age groups relative to younger age groups?
CA Foundation · Business Economics · PYQS · September 2025
What will happen to demand when a larger proportion of people belong to older age groups relative to younger age groups?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. There will be increased demand for geriatric care services, spectacles and walking sticks etc.
Topics: Theory of Demand and Supply
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