What is the difference between substitute goods and complementary goods
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Substitute goods are the goods which can be used in place of each other to satisfy a want. Complementary goods are the goods which are to be used together to satisfy a want. 3. When the price of one good increases, then the demand for its substitute will increase.
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Supplementary goods is a product that satisfies the same basic want as another product.They are the opposite of complementary goods they are two goods that could be used for the same purpose.
When the price of one good increases, then the demand for its substitute will increase.
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