Advertisements
Advertisements
Question
Tea and coffee are examples of ______.
Options
Derived goods
Substitute goods
Inferior goods
All of the above
MCQ
Fill in the Blanks
Solution
Tea and coffee are examples of substitute goods.
shaalaa.com
Determinants of Demand Or Demand Function
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Which of the following is not a determinant of demand?
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
State two important determinants of demand.
With the help of a suitable example explain the effect of a rise in price on the demand for complementary goods.
What is demand function?
Give the meaning of Income demand.
Give the meaning of Cross demand.
Define complementary goods.
Given an example of Veblen goods.
When income increases, the demand for ______ type of good will increase.
