If two commodities are good substitutes for one another, e.g butter and margarine,an increase in…

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Economics JAMB 1979

If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called

  • composite demand
  • elastic demand
  • derived demand
  • competitive demand checkmark
  • inelastic demand

The correct answer is: D

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