Advertisements
Advertisements
प्रश्न
Goods X and Y are substitutes. Explain the effect of fall in price of Y on demand for X.
स्पष्ट करा
Advertisements
उत्तर
When the price of substitute Y falls, consumers switch towards Y, making X relatively less attractive. Demand for X therefore decreases, and its demand curve shifts leftward.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
