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प्रश्न
Explain how quantity demanded for commodity X will be affected by An increase in the price of its substitute.
एका वाक्यात उत्तर
उत्तर
Quantity demanded of a commodity X will increase with an increase in the price of its substitutes because they will compete for the same market demand.
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Determinants of Demand Or Demand Function
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 1: Elementary Theory of Demand - QUESTIONS [पृष्ठ २३]
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संबंधित प्रश्न
Explain any three factors that affect the demand for a commodity.
With an increase in income, the consumption of which good, the consumer reduces ______.
What are inferior goods?
What do you mean by substitute goods?
Give two examples of substitute goods.
Define complementary goods.
Give two examples of complementary goods.
Give an example of Giffen goods.
What are Veblen goods?
Milk can be put to several uses; therefore, it is called as a ______ good.
