Economy, asked by Anonymous, 1 year ago

How does change in the price of related commodities affect the supply of good?

Answers

Answered by chaudharyaryan17

The price of related goods is one of the other factors affecting demand. ... An increase in theprice of a good will increase demand for itssubstitute, while a decrease in the price of a good will decrease demand for its substitute.

Answered by yash1273

The price of related goods is one of the other factors affecting demand. ... Substitutes are goods that satisfy a similar need or desire. a. An increase in the price of a good will increasedemand for its substitute, while a decrease in the price of a good will decrease demand for its substitute

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