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Q. |
Two commodities X and Y goods can be inferred as close substitute of each other if – |
A. | Increase in price of one leads to increase in demand of other and vice versa |
B. | Increase in price of one leads to decrease in demand of other and vice versa |
C. | Fall in price of one lead to fall in demand of other one |
D. | Increase in price of one leads to increase in demand of other one |
Answer» A. Increase in price of one leads to increase in demand of other and vice versa |
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