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Richardson
2 January, 15:10
How does price of related goods affect demand
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Lesly Stephens
2 January, 15:40
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The price of related goods is one of the other factors affecting demand. a. Related goods are classified as either substitutes or complements ... An increase in the price of a good will increase demand for its substitute, while a decrease in the price of a good will decrease demand for its substitute.
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