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Management · Q201

Managerial Economics

Graduate and Post Graduate · Management · question 201

Q201

If two commodities are substitutes, a change in the price of the one, ceteris paribus, causes a change in the quantity purchased of the other

A.
In the same direction
Answer
B.
In an insignificant manner
C.
In the opposite direction
D.
Cannot be known

Answer: Option A

Solution

Answer: Option A
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