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If price of substitute goods falls, dema...

If price of substitute goods falls, demand for related goods will also fall ?

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The correct Answer is:
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With a fall in price of substitute goods, demand for its related goods will fall as there exists positive relationship between them.
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With a fall in income, demand for normal goods will rise.

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FULL MARKS-DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. With a fall in income, demand for normal goods will rise.

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  2. With the rise in price, quantity demanded for the goods falls and it i...

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  3. If price of substitute goods falls, demand for related goods will also...

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  4. If income of the buyer decreases, demand for inferior goods decreases.

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  5. If indian Airlines reduce fares from Delhi to Mumbai, demand curve fo...

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  6. Explain with the help of diagrams, the effect of the following changes...

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  7. Explain with the help of diagrams, the effect of the following changes...

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  8. Explain the effect of the following on demand for a good: (i) Rise i...

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  9. Explain the effect of the following on demand for a good: (i) Fall i...

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  10. What does downward movement along the demand curve indicate?

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  11. Does a change in consumer's taste lead to a movement along the demand...

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  12. Law of Demand is a qualitative statement. Comment.

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  13. According to law of demand by increasing the price of a good its deman...

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  14. What policy initiatives can be government undertake to increase the ...

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  15. Demand for electricity has increased. However supply cannot be incre...

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  16. Even the price of petrol is very high but still its demand is very hig...

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  17. A new steel plant comes up in Jharkhand. Many people who were previo...

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  18. In order to encourage tourism in Goa, Indian Airlines reduces the air ...

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  19. There are train and bus services between New Delhi and Jaipur. Suppose...

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  20. A good is an inferior good for one and at the same time a 'normal' goo...

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