Advertisements
Advertisements
प्रश्न
If due to fall in the price of good X, demand for good Y rises, the two goods are : (Choose the correct alternative)
a. Substitutes
b. Complements
c. Not related
d. Competitive
उत्तर
Complements
If due to a fall in the price of good X, the demand for good Y rises, the two goods are complements because these goods complete the demand of each other.
APPEARS IN
संबंधित प्रश्न
What is meant by inelastic demand?
Demand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative)
a) Price of good falls, expenditure on it rises
b) Price of the good falls, expenditure in it falls
c) Price of the good falls, expenditure on it remains unchanged
d) Price of the good rises, expenditure in it falls
State with reason. Whether you ‘agree’ or ‘disagree’ with the following statement:
There are no exceptions to the law of Demand.
Fill in the blank with proper alternatives given in the bracket:
Indirect demand is also known as _______ demand.
Answer the following question.
State and explain the law of demand.
Fill in the blanks using proper alternatives given in the brackets.
Demand for car and petrol is ____________ de
Write whether the following statement is True or False:
Demand curve has a positive slope.
Define or explain the concept of Demand schedule.
Fill in the blank with appropriate alternatives given in the bracket:
The law of demand states ________ relation between demand and price.
Write answers in ‘one’ or ‘two’ paras each.
What are the main determinants of aggregate demand?
State whether the following statement is TRUE and FALSE
Quantity demanded varies directly with price.
Distinguish between normal goods and inferior goods, with examples
There is a sudden change in climatic conditions resulting in hot weather. Assuming no change in the price of the cold drinks, it will lead to ______
What will be the effect on equilibrium price and equilibrium quantity when income increases in case of normal goods?
Which of the following can cause an increase in demand:
Identify the two cost curves which start from the same point on the Y-axis.
"Market demand curve is constructed by horizontally summing all the individual's demand curves at each and every price." Choose the correct option for the above-mentioned statement.
When the price of the commodity has changed the demand for the commodity changes in ______
In an open economy, Aggregate Demand is estimated as:
