In case of Substitute Product:

CA Foundation · Business Economics · MTP · January 2026
In case of Substitute Product:
(A) A. The Demand Curve Slope upwards
(B) B. The Demand Curve Slope downwards
(C) C. The Demand Curve is Perfectly Elastic
(D) D. None of these.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. The Demand Curve Slope upwards

Topics: Theory of Demand and Supply

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