Which of the following is an example of substitutes goods?
The demand for normal good ________________ with an increase in income of the consumer.
Law of Demand states the relationship between price and quantity demanded
The demand curve for a commodity is generally drawn on the assumption that
When two or more goods are demanded simultaneously, it is known as:
Expansion in demand leads to:
Which one of these is not an example of complementary goods?
A, B and C are three commodities, where A and B are complementary, whereas A and C are substitutes with increase in price of commodity A
There will be a __________ in the demand curve of cars with an increase in the price of petrol