Consider the following statements : Other things remaining unchanged, market demand for a good might increase if 1. price of its substitute increases 2. price of its complement increases 3. the good is an inferior good and income of the consumers increase

examrobotsa's picture
Q: (IAS/2021)
Consider the following statements : Other things remaining unchanged, market demand for a good might increase if
1. price of its substitute increases
2. price of its complement increases
3. the good is an inferior good and income of the consumers increases
4. its price falls
Which of the above statements are correct?

question_subject: 

Science

question_exam: 

IAS

stats: 

0,254,135,254,39,53,43

keywords: 

{'market demand': [0, 0, 0, 1], 'substitute increases': [0, 0, 0, 1], 'complement increases': [0, 0, 0, 1], 'inferior good': [0, 0, 0, 2], 'consumers': [0, 0, 0, 1], 'income': [0, 3, 0, 0]}