2022 June Business Economics and Business and Commercial Knowledge
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Read the following data and answer Questions 55 - 56
X , Y and Z are three commodities where X and Y are complementary goods whereas X and Z are substitutes.
A shop keeper sells commodityX at Rs. 20 per piece. At this price he is able to sell 100 pieces of X per month.
After some time, he decreases the price ofX to Rs. 10 per piece. Following the price decrease.
He is able to sell 150 pieces ofX per month.
The demand forY increases from 25 units to 50 units.
The demand for commodityZ decreases from 75 units to 50 units.
A shop keeper sells commodity
After some time, he decreases the price of
He is able to sell 150 pieces of
The demand for
The demand for commodity
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