Economy
2021
Basic Economic Terms
UPSC Practice Question
Consider the following statements : Other things remaining unchanged, market demand for a good might increase if
- price of its substitute increases
- price of its complement increases
- the good is an inferior good and income of the consumers increases
- its price falls Which of the above statements are correct?
A.1 and 4 only
B.2, 3 and 4
C.1, 3 and 4
D.1, 2 and 3