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प्रश्न
What happens to the demand for a substitute good of a commodity when its price falls?
लघु उत्तरीय
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उत्तर
When the price of a commodity falls, the demand for its substitute good decreases. Substitute goods are used in place of each other (e.g., tea and coffee). If the price of one good falls, consumers prefer to buy more of the cheaper good, reducing their demand for its substitute.
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