Economy, asked by Anonymous, 10 months ago

Q1 How price of a commodity affects the demand for a commodity ?
Q2 How price of related goods Affects the demand for a commodity?

Answers

Answered by BrainlyMehu
9

≈≈> Demand for commodity is directly related to the price of its substitute. A fall in price of a commodity results in lowered demand for its substitute, and an increase in the price of a commodity results in increase in the demand of its substitute.

Answered by mdyousuf5471
1

Answer:

Demand for commodity is directly related to the price of its substitute . A fall in price of commodity results in lowered demand for its substitute , and an increase in the price of a commodity results in increase in the demand of its substitute.

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