Economy, asked by nadimngn786, 5 hours ago

The relationship between demand for goods and price of its substitute is

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Answered by meharkhorajiya48

1

Answer:

Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. ... When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases.

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