- Pen and ink
- Bread-and-butter
Question 16. In case your amounts needed out of commodity X decrease once the home money increases, what kind of a good try X? Answer: Inferior goods.
Matter 17. Whether your need for a great Y grows given that cost of various other good X rises, exactly how would be the a few products related? Answer: X and Y was substitute merchandise.
Matter 18. What happens into the demand for an alternative a great away from a good commodity if cost of new product falls/rises? Answer: If the price of one commodity falls, then consult out of other product decreases, in contrast, if cost of one item rises, then consult from most other commodity increases.
Question 19. How does new need for coffee raise when the price of teas increases? Answer: Because the coffee ‘s the replacement off tea, if your price of tea expands, up coming social commonly desire just take java because out of enhanced tea price.
Question 20. How does the newest interest in ink increase in the event the price of pencil drops? Answer: As the ink is actually a complementary product of pen.
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