What will be the reaction of consumers in a market if the...
What will be the reaction of consumers in a market if there is a fall in the price of the substitute commodity X?
Price of commodity X will increase
Demand for the substitute of commodity X will decrease
Demand for commodity X will decrease
Supply of both commodity X and its substitute will increase
Correct answer is C
No explanation has been provided for this answer.
Localization of industry is encouraged because of ...
The backward bending supply curve of labour indicates? ...
The term demand for money means ...
A supply curve which is vertical has an elasticity co-efficient of ...
Which of the following curves is not U shaped? ...
Output (units) 50 60 70 80 90 Total revenue (TR) $ 8...
All the under listed factors directly affects the supply of a commodity except ...
In the long run, all production factors are___________ ...
If children and the aged dominate the population of a country, this results in ...
Which of the following cannot be classified as a natural resource? ...