Home
Class 11
ECONOMICS
Explain with the help of diagrams the ef...

Explain with the help of diagrams the effect of the following changes on the demand of commodity.
(i) A rise in the price of complementary good.
(ii) A rise in the price of substitute good.

Promotional Banner

Topper's Solved these Questions

  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise UNSOLVED NUMERICALS|7 Videos

  • THEORY OF DEMAND

    RADHA BHUGANA|Exercise SHORT ANSWERS TYPE|24 Videos

  • SIMPLE APPLICATIONS OF TOOLS OF DEMAND AND SUPPLY

    RADHA BHUGANA|Exercise Long answer|3 Videos

  • THEORY OF SUPPLY : LAW OF SUPPLY AND ELASTICITY OF SUPPLY

    RADHA BHUGANA|Exercise LET US RECAPITULATE|9 Videos

Similar Questions

Explore conceptually related problems

Explain with the help of diagrams, the effect of the following changes on the demand of a commodity: (i) A rise in price of Substitute good. (ii) A rise in price of Complementary good.

Explain with the help of diagrams the effect of the following changes on the demand of commodity : (i) Fall in price of related good. (ii) Rise in income of the consumer.

Explain with the help of diagrams, the effect of the following changes on the demand of a commodity : (i) Fall in the price substitude good , (ii) Fall in the income of its buyer.

Explain with the help of diagram the effect of the following changes on the demand of a commodity : (i) A fall in the price of substitute good. (ii) A favourable change in the taste of the buyer.

Explain with the help of diagrams, the effect of the following changes on the demand of a commodity: (i) A fall in price of Substitute good. (ii) A fall in price of Complementary good.

Rise in the price of a commodity means