Question

Read the following statements carefully and choose the correct alternatives given below:
Statement 1 : Change in demand is indicated by a movement along the demand curve.
Statement 2 : Rise in price of substitute good leads to increase in its own demand.
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false​

Answer 1

Answer:

option c is the right answer.