HistoryChoose that the given statement is true/falseThe prices of goods purchased by European traders in India increased in early years of their entry.

Choose that the given statement is true/false


The prices of goods purchased by European traders in India increased in early years of their entry.


  1. A
    True
  2. B
    False 

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    Solution:

    The above statement is true.
    The prices of goods increased because there was competition in the market among the traders and merchants. The local traders and merchants who sold their products to Europeans increased, and the goods and supply of products were the same for each vendor because the cultivation and market conditions were the same. Therefore, the purchasing list of Europeans was the same. This caused a crash in the prices of goods from different vendors, which was the price increase.
      
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