Question Description
When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer?.

Solutions for When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice When there is a decrease in the price of a substitute for a particular good, what is the likely effect on the demand for that good?a)The demand for the good increases.b)The demand for the good decreases.c)The demand for the good remains unchanged.d)The demand for the good becomes perfectly elastic.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice B Com tests.