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Detailed explanation and options for the selected question.
With reference to demand-pull inflation in India, which factors can cause an increase in market demand for a good?
A.
An increase in the price of its substitute and a fall in its own price
B.
An increase in the price of its complement and an increase in consumer income
C.
An increase in the price of its substitute, higher consumer income, and a fall in its own price
D.
An increase in consumer income only
Explanation: