ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The price of a hamburger decrease will cause the demand curve for slices of pizza to shift to the left. Pizza and hamburgers are substitute goods which means that any of the goods can satisfy the same human want. The consumers can either choose pizza or hamburgers.

Detailed explanation-2: -Pizza and hamburgers are substitute goods. When price of substitute decreases then demand forgiven good decreases as well.So, if price of hamburgers has decreased then this will result in decrease in demand for pizza. Given the supply of pizza, this decrease in demand of pizza will result in rise in price of pizza.

Detailed explanation-3: -Hamburgers and pizza are substitute goods. For substitute goods, the demand for one increases as the price of the other good rises. Therefore, when the price of hamburgers rises, the demand for pizza will increase.

Detailed explanation-4: -Hamburgers . and hamburger buns, or cars and gasoline, on the other hand, are’ complementary products; they are called complements because an increase e in the price-of good A causes a decrease in the demand for its complementary good B.

Detailed explanation-5: -Butter and margarine. Physical books and e-books. Sandals and flip-flops. Tuna and salmon. Steel-toe boots and composite-toe boots. Minivans and sport utility vehicles. Earrings and necklaces. Eyeglasses and contact lenses. More items •21-Jul-2021