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Elementary Theory of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
MCQ
A substitute good is a good:
  • A
    Of higher quality than another good
  • B
    That is not used in place of one another
  • ✓
    That can be used in place of one another
  • D
    Of low lower quality than another good
✓

Answer

Correct option: C.
That can be used in place of one another
C

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