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प्रश्न
True or False with Reasons:
If X and Y are substitutes of one another, then relationship between the prices of good X and demand of good Y will be shown by a curve that will slope upwards.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Reason:
- When the price of substitute X rises, consumers tend to buy more of Y.
- Price of X and demand for Y are directly related, so the relationship curve slopes upward.
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