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प्रश्न
True or False with Reasons:
Cross price effect occurs in case of substitute goods only.
सत्य या असत्य
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उत्तर
This statement is false.
Reason:
- Cross-price effects describe how a change in the price of a related good affects demand for a commodity.
- Related goods include both substitutes and complementary goods, so cross-price effects occur in both cases.
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