Economy, asked by sneha5910, 5 months ago

explain the concept of price of related goods

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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.

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