What would happen to the demand curve when there is an increase in the price of substitute products?

This question was previously asked in
SSC CGL Previous Paper 61 (Held On: 13 June 2019 Shift 1)
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  1. Outward shift
  2. Initially inward and then after a period outward shift
  3. Inward shift
  4. Remains constant

Answer (Detailed Solution Below)

Option 1 : Outward shift
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PYST 1: SSC CGL - English (Held On : 11 April 2022 Shift 1)
25 Qs. 50 Marks 12 Mins

Detailed Solution

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The correct answer is Outward shift

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