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Demand curve of a good shifts from DD' to Demand dd'. This shift can be caused by: - Economics

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Question

Demand curve of a good shifts from DD' to Demand dd'. This shift can be caused by:

Options

  • Fall in the price of the good

  • Rise in the price of the good

  • Rise in the price of substitute goods

  • Rise in the price of complementary goods

MCQ

Solution

Rise in the price of complementary goods

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Individual Demand and Market Demand
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Chapter 2: Elementary Theory of Demand - Exercise [Page 55]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 2 Elementary Theory of Demand
Exercise | Q 17. | Page 55
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