Advertisements
Advertisements
प्रश्न
True or False with Reasons:
Cross demand is positive in case of substitute goods.
सत्य या असत्य
Advertisements
उत्तर
This statement is true.
Reason:
- For substitute goods, a rise in the price of one good increases demand for the other.
- Thus, the price of one substitute and demand for the other are directly related, making cross demand positive.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
