Economy, asked by a1k2a3n4s5h6, 4 months ago

Explain the effect of fall in prices of other goods on the demand of a given good

Answers

Answered by iqbalshaikh56

Explanation:

When price of a substitute good rises, the given good becomes relatively cheaper. As a result, its demand rises. Opposite happens when price of the substitute good falls. ... Demand for the given commodity is also affected by change in price of the related goods.

Previous Question

Next Question

Similar questions

India Languages, 2 months ago

खालील दिलेल्या अभंगाच्या ओळींचा सरळ अर्थ लिहा. i) माता गुंतली कामासी । चित्त तिचे बाळापाशीं ...

English, 2 months ago

What is photosynthesis ? ❣❣Good evening❣❣...

Political Science, 2 months ago

चुनावी जनमत किसे कहते है!

Math, 4 months ago

Rani invested ₹24000 in a savings scheme, that gives her a rate of interest of 8%. What amount would she get at the end of 2 years? DONT SPAM OR ELSE I REPORT...

Math, 4 months ago