The phenomena that affects the demand of other one product and services. Because the prices of primary product and services increased. Example - Rise in fuel prices raised the demand of electric cars.
The phenomena that affects the demand of other one product and services. Because the prices of primary product and services increased.
Example – Rise in fuel prices raised the demand of electric cars.
What is Normal goods?
When demand of any product rises. Because of rise of income of customers are called Normal Goods. Income increases, so do the demand.
When demand of any product rises. Because of rise of income of customers are called Normal Goods. Income increases, so do the demand.
See lessWhat do you mean by cross price effects?
The phenomena that affects the demand of other one product and services. Because the prices of primary product and services increased. Example - Rise in fuel prices raised the demand of electric cars.
The phenomena that affects the demand of other one product and services. Because the prices of primary product and services increased.
See lessExample – Rise in fuel prices raised the demand of electric cars.