Question
The substitution effect for a commodity
isSolution
Substitution effect means when the price of a good increases (decreases), it becomes more expensive(less expensive) than the other good, therefore its quantity demanded will decrease(increase). Substitution effect also shows negative relation between quantity demanded and price, so substitution effect is also negative.
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Match the following:
List-1 (District) List-II (Year of Formation)
a) Haridwar ...
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