Economy, asked by noname000016, 4 months ago

what is the economic impact of effect of price change on substitute goods.

Answers

Answered by sureshbabu76405

1

Answer:

When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. 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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