MCQOPTIONS
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| 1. |
Two commodities X and Y goods can be inferred as close substitute of each other if – |
| A. | Increase in price of one leads to increase in demand of other and vice versa |
| B. | Increase in price of one leads to decrease in demand of other and vice versa |
| C. | Fall in price of one lead to fall in demand of other one |
| D. | Increase in price of one leads to increase in demand of other one |
| Answer» B. Increase in price of one leads to decrease in demand of other and vice versa | |