What will be the reaction of consumers in a market if there is a fall…

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Economics WAEC 2021

What will be the reaction of consumers in a market if there is a fall in the price of the substitute commodity X?

  • Price of commodity X will increase
  • Demand for the substitute of commodity X will decrease
  • Demand for commodity X will decrease checkmark
  • Supply of both commodity X and its substitute will increase.

The correct answer is: C

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