Question

6. Explain with the help of diagrams, the effect of the following changes on the demand for a commodity
() A rise in the price of substitute good.
(1) A rise in the price of complementary good.
[Page 113-115]
7. Explain with the help of diagrams, the effect of the following changes on the demand for a commodity
(1) Fall in the price of substitute good.
(ii) Fall in the price of complementary good.
[Page 113-1157​

Answer 1

Explanation:

xplain with the help of diagrams, the effect of the following changes on the demand for a commodity

() A rise in the price of substitute good.

(1) A rise in the price of complementary good.

[Page 113-115]

7. Explain with the help of diagrams, the effect of the following changes on the demand for a commodity

(1) Fall in the price of substitute good.

(ii) Fall in the price of complementary good.

[Page 113-1157