Economy, asked by laxmikumari16050, 10 months ago

demaind for a commodity decrease when the price of its substitutes​

Answers

Answered by ramya2316
3

Answer:

Demand for commodity is directly related to the price of its substitute. A fall in price of a commodity results in lowered demand for its substitute, and an increase in the price of a commodity results in increase in the demand of its substitute.

Explanation:

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Answered by umangchouhan755
0

Answer:

  • when the price of a good that complement a good decrease then the quantity demanded of one increase and the demand for the other increases. when the price of a substitute good decreases the quantity demand for that good increases but the demand for the good that it is begin substitute for decreases .

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