Question : Cross-demand expresses the functional relationship between
Option 1: demand and price of related commodities
Option 2: demand and income
Option 3: demand and price
Option 4: demand and supply
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Correct Answer: demand and price of related commodities
Solution : The correct option is the demand and price of related commodities .
Cross-demand is about how changes in the price of one item affect the demand for another related item. For instance, if tea becomes more expensive, people might start buying more coffee instead. However, if tea becomes more affordable, individuals may decide to switch from coffee to tea.
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