If X and Y are close substitutes, a rise in the price of X will lead to:

A. Increase in demand for Y

B. Decrease in demand for Y

C. Decrease in demand for both X and Y

D. No change in demand for Y

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Loanable funds theory of Interest was developed by:
  2. If the commodity is inferior then Income Effect (I.E) is:
  3. Marginal cost is the cost:
  4. Efficient allocation of resources is likely to be achieved under:
  5. A decrease in demand lowers the price the most:
  6. In discriminating monopoly (price discrimination), the elasticity of demand of product in two markets…
  7. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  8. In short run, a firm would remain in business as long as which one of the following of cost is covered?
  9. The supply curve would probably shift to the right if:
  10. Marginal utility (MU) always:
  11. Economics is a:
  12. We can measure consumers surplus with the help of
  13. Ceteris paribus clause in the law of demand means:
  14. Demand for a commodity is elastic when it has
  15. The total utility (TU) curve is:
  16. When AC curve falls, MC curve falls:
  17. Capital and Development Planning is the work of:
  18. In short-run, in monopolistic competition, a firm earns:
  19. The Chamberline model recognizes mutual:
  20. According to translog production function, elasticity of substitution is:
  21. Which is not a central problem of an economy?
  22. Classical production function is:
  23. The game theory was basically presented by:
  24. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  25. If demand increased and supply decreased then:
  26. A demand schedule is shown as:
  27. Increasing return to scales can be explained in terms of:
  28. The main contribution of Prof. R.G.D.Allen is in the field of:
  29. Under which of the following forms of the market structure does a firm have no control over the price…
  30. If the price of coffee increases, you would predict that: