In the normal market situation , when the price of a commodity rises the
Answer Details
When the price of a commodity rises, the demand for the commodity will generally fall. This is because as the price of the commodity becomes more expensive, consumers are less likely to buy it or may look for substitutes that are cheaper. As a result, the demand for the commodity decreases. However, this may also incentivize producers to increase the supply of the commodity, as they are able to make more profit from selling it at a higher price. Overall, the relationship between price and demand/supply in the market can be complex and influenced by many factors, including consumer preferences, production costs, and availability of substitutes.