Substitution effect means when the price of a good increases (decreases), it becomes more expensive(less expensive) than the other good, therefore its quantity demanded will decrease(increase). Substitution effect also shows negative relation between quantity demanded and price, so substitution effect is also negative.
Which of the state governments has announced a rule ‘No bag day’ for the students to reduce the burden on students and make a mandatory game...
What is the name of the Indian naval exercise that was hosted by the Indian Navy in Visakhapatnam in February 2024?
Who inaugurated the Aadi Mahotsav 2024?
Which vitamin is produced by the body when exposed to sunlight?
Under the Pradhan Mantri Suryodaya Yojana, what percentage of the cost of installing solar power systems is now covered by the government?
Which country saw a rare decline in FDI inflows according to the World Investment Report 2024?
Mil Mi -26 is which kind of Helicopter in the IAF?
Which Gharana is famous for Sitar players?
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy digitally inaugurated 13 new districts in the state. Now, what is the total number of districts in th...
On which of the following dates, the first freedom movement, 1857 was started at Meerut?
