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प्रश्न
What do you mean by substitute goods?
Define substitute goods.
उत्तर
Substitute goods are those goods which can be used in place of one another.
संबंधित प्रश्न
With an increase in income, the consumption of which good, the consumer reduces ______.
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
What are inferior goods?
Explain the impact on demand of complementary goods.
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
Explain how quantity demanded for commodity X will be affected by Government policy.
What is demand function?
Give two examples of complementary goods.
Give an example of Giffen goods.
Tea and coffee are examples of ______.
