If tea and coffee can be used in place of one another, then which of the following statements hold true ?

(A) Increase in price of tea leads to decrease in demand for coffee.

(B) Increase in price of tea leads to increase in demand for coffee.

(C) Tea and coffee are substitute goods.

(D) Decrease in price of tea leads to increase in price of coffee.

(E) Tea and Coffee are complimentary goods.

Choose the correct answer from the options given below :

Match List-I with List-II

Choose the correct answer from the options given below:

Match List-I with List-II :

The expenditure on the good would change in the opposite direction as the price change if and only if the percentage change in quantity is greater than the percentage change in price, then the elasticity of good is:

Which of the following statements are correct:

(A) Consumer's preferences are monotonic: If and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as compared to the other bundle.

(B) The tendency for the MRS to fall with increase in quantity of goods is known as the Law of Diminishing Marginal Rate of Substitution.

(C) A decrease in income causes a parallel outward shift of the budget line.

(D) The budget set is the collection of all bundles that the consumer can buy with their income at the prevailing market prices.

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Suppose the price of the commodity is declined by 10%, as a result of which, the quantity demanded increased by 20%. Then, calculate the value of the elasticity of demand ($e_D$) and confirm its type.

Two goods X and Y are such a combination that, when the price of good Y increases, the demand for good X increases,

How are goods X and Y related?