Economy, asked by haya124khan, 1 year ago

How does change in the prices of related commodities affect the supply of a good.? Plzzz answer fast

Answers

Answered by Anonymous
2
Heya user!

Supply of good depends upon the price of related goods.Consider a firm selling tea.If price of coffee rises in the market, the firm will be willing to sell less tea at it existing price.The same quantity of tea will be sold only at a higher price .
Answered by kmohit
1
The price of related goods is one of the other factors affecting demand. a. Related goodsare classified as either substitutes or complements
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