Economy, asked by sneha5910, 6 months ago

explain the concept of price of related goods

Answers

Answered by samadhanware28

2

Answer:

The price of related goods is one of the other factors affecting demand. a. Related goods are classified as either substitutes or complements. ... An increase in the price of a good will increase demand for its substitute, while a decrease in the price of a good will decrease demand for its substitute.

Previous Question

Next Question

Similar questions

Math, 3 months ago

Find the values of the unknowns xyz z 80° y x...

Hindi, 3 months ago

'किया कराया सब गुड़ गोबर लोकोक्ति के लिए उचित अर्थ चुनिए। a. काम बिगड़ जाना b. भलाई करके भूल जाना c. व्यर्थ टाँग अड़ानेवाला d अपने काम आनेवाला...

Math, 3 months ago

(1/216)-2/3 - (1/27)-4/3 ...

Hindi, 6 months ago

(क) सुख – दुःख का साथी पड़ोसी संकेत बिंदु- * मनुष्य : एक सामाजिक प्राणी है * पड़ोसी : सुख – दुःख का साथी * पड़ोसी का महत्त्व | anuched lekhan...

Science, 6 months ago

Cold water should be pour on the site of strain for _______ a. 5 to 10 minutes b. 10 to 20 minutes c. 20 to 30 minutes d. 30 to 40 minutes...

English, 11 months ago

a latter to your father asking him to send you some money to buy some books ...

Science, 11 months ago

common sense or to improve skills .

Biology, 11 months ago

List the three forms of a-Sexual reproduction in animal ...