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प्रश्न
A substitute good is a good:
विकल्प
Of higher quality than another good
That is not used in place of one another
That can be used in place of one another
Of low lower quality than another good
उत्तर
That can be used in place of one another
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संबंधित प्रश्न
With help of an example explain the term complementary goods.
With suitable examples differentiate between complementary goods and substitute goods.
Explain clearly two factors which determine demand.
If a buyer buys less of a commodity when his income falls, how will his demand curve change? Illustrate your answer with a diagram.
Identify the factor that affects market demand from the options below:
What will be the effect on demand for cars, if petrol becomes expensive?
Explain any four factors which determine the market demand.
State 2 types of related goods.
Define substitute goods.
Give two examples of complementary goods.
