Advertisements
Advertisements
प्रश्न
What happens to demand for substitute goods if the price of one increases?
पर्याय
Demand for both goods decreases
Demand for substitute increases
Demand for substitute decreases
Demand remains unchanged
MCQ
Advertisements
उत्तर
Demand for substitute increases
Explanation:
When the price of a good rises, people switch to its substitute, increasing substitute demand.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
