Ask Question
2 January, 15:10

How does price of related goods affect demand

+2
Answers (1)
  1. 2 January, 15:40
    0
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “How does price of related goods affect demand ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers