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Give the meaning of Cross demand.

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प्रश्न

Give the meaning of Cross demand.

What is meant by cross demand?

What is meant by cross demand?

Explain the following:

Cross Demand

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अति संक्षिप्त उत्तर
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उत्तर

Other things being constant, the relationship between the price of a commodity and demand for its related goods (substitute goods or complementary goods) is called cross-demand.

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