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Explain what will happen to the demand for a commodity if the price of its substitution goods falls. - Economics

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Question

Explain what will happen to the demand for a commodity if the price of its substitution goods falls.

Explain
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Solution

When the price of a substitute good falls, the demand for the original commodity decreases. 

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Chapter 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [Page 28]

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Frank Economics [English] Class 12 ISC
Chapter 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 5. (a) | Page 28
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