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प्रश्न
Give the meaning of Cross demand.
What is meant by cross demand?
उत्तर
Other things being constant, the relationship between the price of a commodity and demand for its related goods (substitute good or complementary good) is called cross-demand.
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संबंधित प्रश्न
Give one example of a pair of complementary goods.
Which of the following is not a determinant of demand?
What kind of a commodity will have inverse relation between income and demand?
With an increase in income, the consumption of which good, the consumer reduces ______.
State two important determinants of demand.
What do you mean by substitute goods?
Explain the impact on demand of complementary goods.
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
Explain any three determinants of market demand.
Explain how quantity demanded for commodity X will be affected by An increase in the price of its substitute.
Explain any four factors affecting the demand for a commodity.
Define complementary goods.
Give an example of inferior goods.
What are Veblen goods?
Car and petrol are examples of ______ demand.
Tea and coffee are examples of ______.
When income increases, the demand for ______ type of good will increase.
