With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.
Explanation:
Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.
Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.
We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.
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India has substantially decreased its aid to Nepal for fiscal year 2020-21 in the budget presented by Indian Finance Minister Nirmala Sitharaman, on Saturday.
According to the budget speech, the southern neighbour allocated INR8 billion (Rs12.8 billion) for Nepal. In the fiscal year 2019-20, India had allocated INR10.5 billion (Rs16.8 billion), which was later revised to INR12 billion (Rs19.2 billion).
Based on the revised allocation of fiscal year 2019-20, allocation in the new fiscal year has been cut down by 33 percent.
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The unit for resistance is Ohm. When subjected to a potential difference of one volt, the SI unit of electrical resistance transmits a current of one ampere.
<h3>What is resistance?</h3>
It is an electrical circuit, that use to measure the resistance to current flow. The Greek letter omega is used to represent resistance in ohms. Georg Simon Ohm (1784-1854), a German physicist who researched the link between voltage, current, and resistance, is the name given to Ohms.
Thus, option C is correct.
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Answer:
Lake Michigan, Lake Superior, Lake Huron, Lake Erie, and Lake Ontario
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