Question

If X&Y are substitute goods, a rise in the price of Goods X, will result in rightward shift in

the demand curve of good?Is it true give reason​

Answer 1

Answer:

X and Y are substitute goods. A rise in the price of X results in a rightward shift of the demand curve of Y because X and Y can be substituted for each other. Increase in the price of X will increase the demand for X-consumers will shift from the consumption of X to the consumption of Y and thus there wil be a rightward shift of the demand curve of Y.