Question

What is the relation between the demand of goods and price of its related goods ​

Answer 1

Answer:

Price of good 1 is inversely proportional to Demand of good 2. So if there is an increase in the price of petrol then quantity demanded for Car will automatically decrease applying Law of Demand. Whereas In case of substitute goods, Price of good 1 is directly proportional to Demand of good 2.

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Answer 2

Answer:

demand of goods increases and the price of related goods also increases