Question

explain how the following affect the demand of a commodity

*Increase in the price of substitute goods.


*degrees in income of The consumer in the case of inferior goods. ​

Answer 1

Answer:

increase in the price of the substitute will increase the demand of the commodity and there will be rightward shift in the demand curve

in case of decrease in income of consumer the demand for inferior good will increase as now it's no more inferior for him now it's a normal good for him.

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