how does a price of related products affects the demand?
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The price of related goods is one of the other factors affecting demand. ... 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. 2. Complements are goods that are used jointly.
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The price of related goods is one of the other factors affecting demand. 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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