मराठी

Explain the effect of change in price of substitute on demand of a good.

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प्रश्न

Explain the effect of change in price of substitute on demand of a good.

स्पष्ट करा
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उत्तर

A rise in the substitute’s price increases demand for the good, shifting its demand curve right; a fall in the substitute’s price decreases demand, shifting the curve left.

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पाठ 3: Demand - REVISION EXERCISE [पृष्ठ ३.४८]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 3 Demand
REVISION EXERCISE | Q 24. (b) | पृष्ठ ३.४८
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