Advertisements
Advertisements
प्रश्न
If due to fall in the price of good X, demand for good Y also falls, then the two goods are ______.
विकल्प
Substitutes
Complements
Not related
Competitive
MCQ
रिक्त स्थान भरें
Advertisements
उत्तर
If due to fall in the price of good X, demand for good Y also falls, then the two goods are Substitutes.
Explanation:
A fall in X’s price reduces demand for Y when X and Y are substitutes, because consumers switch toward the cheaper X. For complements, a fall in one’s price would tend to raise demand for the other.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
