Home
Class 12
ECONOMICS
Potato chips and popcorn are substitutes...

Potato chips and popcorn are substitutes.A rise in the price of potato chips will ……….. The demand for popcorn and the demand of potato chips will …………..

A

1.increase, increase

B

2.increase, decrease

C

3.decrease, decrease

D

4.decrease, increase

Text Solution

Verified by Experts

The correct Answer is:
b
Promotional Banner

Topper's Solved these Questions

  • COST

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|137 Videos

  • ELASTICITY OF DEMAND

    FULL MARKS|Exercise NCERT TEXTBOOK QUESTIONS SOLVED|114 Videos

Similar Questions

Explore conceptually related problems

Eye of potato is

Eye of Potato is

The genus of potato is

Potato is a native of

FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. If the price of Pepsi decreases relative to the price of Coke and 7-UP...

    Text Solution

    |

  2. The price of tomatoes increases and people buy tomato puree. You infer...

    Text Solution

    |

  3. Potato chips and popcorn are substitutes.A rise in the price of potato...

    Text Solution

    |

  4. When total demand for a commodity whose price has fallen increases, i...

    Text Solution

    |

  5. With a fall in the price of a commodity:

    Text Solution

    |

  6. Goods that exhibit direct price-demand relationship are called:

    Text Solution

    |

  7. In case of Giffen goods, the demand curve will be :

    Text Solution

    |

  8. Law of Demand is a :

    Text Solution

    |

  9. When income of the consumer falls the impact on price-demand curve of ...

    Text Solution

    |

  10. If due to fall in the price of good X, demand for good Y rises, the t...

    Text Solution

    |

  11. Does a rise in price of other goods have the same effect on demand for...

    Text Solution

    |

  12. Does a fall in income have the same effect on demand for the given c...

    Text Solution

    |

  13. What is the relation between good x and good y in each case, if with a...

    Text Solution

    |

  14. Giving reasons, state the following statements are true or false: ...

    Text Solution

    |

  15. Differentiate between Normal Goods and inferior Goods.

    Text Solution

    |

  16. Differentiate between substitute goods and complementary goods.

    Text Solution

    |

  17. Explain law of demand with the help of a demand schedule.

    Text Solution

    |

  18. Law of demand is one sided. It explains only the effect of change in p...

    Text Solution

    |

  19. State any three causes of a rightward shift of a demand curve of a com...

    Text Solution

    |

  20. State any three factors which lead to increase in demand.

    Text Solution

    |