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प्रश्न
True or False with Reasons:
Cross demand is positive in case of substitute goods.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Reason:
- For substitute goods, a rise in the price of one good increases demand for the other.
- Thus, the price of one substitute and demand for the other are directly related, making cross demand positive.
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