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प्रश्न
Explain with the help of diagram, the effect of the following change on the demand of a commodity:
Fall in the price of substitute good
आकृति
स्पष्ट कीजिए
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उत्तर
The substitute becomes more attractive relative to the given commodity, so demand for the given commodity falls at every price. Its demand curve shifts leftward. For example, if coffee becomes cheaper, demand for tea may fall.
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