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If Due to Fall in the Price of Good X, Demand for Good Y Rises, the Two Goods Are : (Choose the Correct Alternative) - Economics

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प्रश्न

If due to fall in the price of good X, demand for good Y rises, the two goods are : (Choose the correct alternative)

a. Substitutes
b. Complements
c. Not related
d. Competitive

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उत्तर

Complements

If due to a fall in the price of good X, the demand for good Y rises, the two goods are complements because these goods complete the demand of each other.

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2014-2015 (March) All India Set 1
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