When the price of the substitute commodity of X falls, the demand for X:
A)rises
B)falls
C)remains unchanged
D)all of the above is possible

Name: When the price of the substitute commodity of X falls, the demand for X: A)rises B)falls C)remains unchanged D)all of the above is possible
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Question

Quizplus · Accepted Answer

When the price of a substitute commodity falls, consumers are more likely to purchase the substitute instead of commodity X, leading to a decrease in the demand for X.

When the Price of the Substitute Commodity of X Falls