Which one of the following is an example of close substitute:

Related MCQs

• When the price of the substitute commodity of X falls, the demand for X:
• When both the price of a substitute and the price of complement of X rises, the demand for X:
• Which of the following is an example of economic overhead?
• The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:
• If a firm’s average cost is Rs.32 at 6 units of output and Rs.34 at 7 unit, which one among the following is the marginal cost of producing the 7th unit
• Which one of the following is roughly equal to national income?
• Which one of the following includes ‘income of residents’?
• Which one in the following is a stock variable?
• Which one in the following is a flow variable?
• Which one of the following is not correct: