Which of the following can cause an increase in demand ........

Introductory Microeconomics Consumer Behavious and Demand

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Which of the following can cause an increase in demand:

Increase in the price of substitute goods

Decrease in the income in case of inferior goods

Both of the above

None of the above

Explanation:

Option (3) is correct.
Explanation: Increase in the price of substitute goods leads to increase in the demand for other goods. Inferior goods are the opposite of normal goods, its demand increases with
the rise in income and decreases with fall in income.

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