Question 12

If two commodities are good substitutes for one another, an increase in the demand for one will reduce the demand for the other. This type of demand is called

  • A.composite demand
  • B.elastic demand
  • C.competitive demand
  • D.inelastic demand
Objective

Question details

Exam body
UNN
Subject
Economics
Year
2015/2016
Question no.
#12
Type
Objective

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