Question

if the price of commodity X rises and this leads to an increase in demand for tge commodity Y how are tge two goods related?give an example of such goods?

Answer 1

Hᴇʏ Mᴀᴛᴇ✌️

Tʜᴏsᴇ Gᴏᴏᴅs ᴀʀᴇ sᴜʙsᴛɪᴛᴜᴛᴇ ɢᴏᴏᴅs , ᴡʜᴇɴ ᴘʀɪᴄᴇ ᴏғ ᴄᴏᴍᴍᴏᴅɪᴛʏX ɪɴᴄʀᴇᴀsᴇs  ᴀs ᴄᴏᴍᴘᴀʀᴇᴅ ᴛᴏ ᴄᴏᴍᴍᴏᴅɪᴛʏ-Y,ᴛʜᴇɴ ᴛʜᴇ ᴅᴇᴍᴀɴᴅ ᴏғ Gᴏᴏᴅ-Y ɪɴᴄʀᴇᴀsᴇs.Bᴇᴄᴀᴜsᴇ sᴜʙsᴛɪᴛᴜᴛᴇ ɢᴏᴏᴅs ᴀʀᴇ ᴛʜᴏsᴇ Gᴏᴏᴅs ᴡʜɪᴄʜ ᴄᴀɴ ʙᴇ  ɪɴᴛᴇʀᴄʜᴀɴɢᴇᴅ ғᴏʀ ᴜsᴇ.

Exᴀᴍᴘʟᴇ-----

Pepsi and Coke , Tea and Coffee.