IBBI Plant & Machinery Practice Questions - IBBI Registered Valuers Examination - Plant & Machinery Asset Class Exam

In the Indian steel market, when GDP growth is strong and infrastructure spending rises, the demand for steel tends to:

Increase because demand is derived from construction and industrial activity Decrease because prices are high Remain constant because steel is a necessity Shift only because of a change in population

Correct Answer:

Increase because demand is derived from construction and industrial activity

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