1.

Two commmodities A andB can be inferred as close substitudes of each other if :

Answer»

Rise in PRICE of one leads to an INCREASE in demand of other and vice-versa
Rise in price of one leads to a decrease in demand of other and vice-versa
FALL in price of one LEAD to fall in demand of other one, but not the other way round
Rise in price of one lead to rise in demand of other one, but not the other way round

Answer :A


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