Question

Explain with the help of diagrams the effect of the following changes on the demand for a commodity:
(i) A rise in price of substitute goods
(ii) A favourable change in the taste of the buyers of the commodity

Answer 1

Answer:

The life cycle of silk moth starts when a female silk moth lays eggs. The caterpillar or larvae are hatched from the eggs of the silk moth. The silkworms feed on mulberry leaves and give rise