Economy, asked by jesikaatwal051, 9 months ago

Absence of substitute good​

Answers

Answered by Anonymous
0

absence of a substitue goods will show elastic demand!

Answered by sanjanakumari54
0

A decrease in the price of a substitute good causes an increase in supply and a rightward shift of the supply curve. With the lower price, sellers sell less of the substitute good and more of this good. A decrease in the price of a complement good causes a decrease in supply and a leftward shift of the supply curve.

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