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Identify the correct statement from the following alternatives: - Economics

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Question

Identify the correct statement from the following alternatives:

Options

  • Taj Mahal tea and Tata tea are examples of substitute goods.

  • 'A consumer buys 2 litres of milk at a price of ~ 50 per litre per day' is a demand statement

  • A consumer never buys an inferior good, no matter how cheap it is

  • Both (a) and (b)

MCQ

Solution

Both (a) and (b)

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Chapter 2: Elementary Theory of Demand - Exercise [Page 56]

APPEARS IN

Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 2 Elementary Theory of Demand
Exercise | Q 21. | Page 56
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