When the price of good X increases the demand for good Y falls explain what this relationship implies about the two goods?


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When the price of good X increases the demand for good Y falls explain what this relationship implies about the two goods?

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If the demand for good Y incre...

Text Solution

Solution : The two goods are substitutes.

When the price of good X increases the demand for good Y falls explain what this relationship implies about the two goods?

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When the price of good X increases the demand for good Y falls explain what this relationship implies about the two goods?

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तनुजा बढ़ने पर तुल्यांकी चलता का मान बढ़ता है किन्तु विशिष्ठ चालकता का मान काम होता है, क्यों ?

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एक मित्र दूसरे से कहता है कि 'यदि मुझे एक सौ दे दो, तो मैं आपसे दो गुना धनी बन जाऊँगा ।दूसरी उत्तर देता है 'यदि आप मुझे दस दे दें, तो मैं आपसे छः गुना धनी बन जाऊँगा' बताइए कि उनकी क्रमशः क्या संपत्तियाँ हैं? [भास्कार II की बीजगणित से] <br> [सकेत: ` x + 100 = 2 (y - 100), y + 10 = 6(x -10)`]

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जैव-विविधता का अन्य नाम लिखिए।

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k के किस मान के लिए दो युगपत समीकरणो `x + y = 2` और `x - by = 1` का कोई हल नहीं होगा ?

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If 8 person are to sit around a table what is the probability that X and Y don't sit together

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Let f(x+y) = f(x).f(y), `forall, x, y`. Suppose f(5) =2, `f^(')(0) = 3` then `f^(')(5) =`

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When the price of good X increases the demand for good Y falls explain what this relationship implies about the two goods?

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Solution : (i) The two goods are complementary goods since a fall in price of X leads to a rise in demand of Y or there is negative relation between price of one good and the demand for another.

When the price of good X rises the demand for good Y falls explain what this relationship implies about the two goods?

relationship implies about the two goods. Goods X and Y must be complements. When the price of good X rises, the quantity of good X demanded will fall. If the demand for Y also falls, the two goods must be used together.
If price of good X increases and as a result the demand for good Y increases, this means they are substitute goods.

What is the relationship between good X and good Y?

Solution : (i) Goods x and y are complementary goods as with fall in price of x, demand for good y rises.