Question

Explain the effect on the demand curve when the price of substitute goods rise. with the help of
graph.​

Answer 1

Answer:

What happens to the demand curve when the price of a substitute increases?

Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. ... When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases.