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प्रश्न
True or False with Reasons
If a fall in price of Good X leads to a rise in demand for Good Y, then X and Y are substitute goods.
सत्य या असत्य
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उत्तर
This statement is false.
Reason:
- When the price of X falls and demand for Y rises, consumers use more of the cheaper X together with Y.
- This inverse relationship between the price of one good and demand for the other indicates complementary goods.
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