When the price of the substitute commodity of X falls, the demand for X:

Related MCQs

• Relation between price of a commodity and demand for another commodity is measured by:
• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:
• If the income elasticity of demand is greater than one, then the commodity is:
• A fall in the price of the commodity holding everything else constant results in:
• Which one of the following is an example of close substitute:
• Change in demand due to a change in the price of related good :
• Change in demand due to change in relative price alone is called:
• If labour is the only variable resource and its marginal physical product falls as more workers are hired:
• The market equilibrium for a commodity is determined by
• The want satisfying power of a commodity: