Multiple choice

Recently, it was in news that there can be a fall of 30% in Mumbai property market. Such a situation can take place due to

  1. high rate of tax charged on properties

  2. more supply as compared to demand

  3. less purchasing power of people

  4. illegal properties being sold by sellers

  5. high interest rate charged by banks on loans provided
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Due to more supply and less demand, price of a product falls.

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