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प्रश्न
If due to fall in the price of good X, demand for good Y also falls, then the two goods are ______.
पर्याय
Substitutes
Complements
Not related
Competitive
MCQ
रिकाम्या जागा भरा
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उत्तर
If due to fall in the price of good X, demand for good Y also falls, then the two goods are Substitutes.
Explanation:
A fall in X’s price reduces demand for Y when X and Y are substitutes, because consumers switch toward the cheaper X. For complements, a fall in one’s price would tend to raise demand for the other.
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