Question
When the price of the substitute goods rise then demand for a given commodity ___
Answer: Option A
:
A
When the price of a goodchange, people will substitute to cheaper alternatives and vice-versa.
Was this answer helpful ?
:
A
When the price of a goodchange, people will substitute to cheaper alternatives and vice-versa.
Was this answer helpful ?
More Questions on This Topic :
Question 1. ___ goods have positive income effect.....
Question 4. If the demand is price inelastic:....
Latest Videos
Latest Test Papers
Submit Solution