An increase in the price of commodity X led to a fall in ...
An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are
Competitive goods
Composite goods
Jointly supplied
Derived goods
Correct answer is A
Competitive goods means goods and/or services that meet the same buyer or customer needs as one or more goods and /or services offered by a member or any of its affiliates. An increase in the price of commodity X led to a fall in the supply of commodity Y. Commodities X and Y are competitive supply.
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A rise in the supply of a commodity cause_________ ...
The excess profit made by the firm in the short-run is represented by ...
A movement from M to T implies that there has been ...
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If a state owned firm is sold through the stock market, the organisation becomes? ...