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what happens when price of related goods increases
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what happens when price of related goods increases Related: Lecture 2...
Related goods are classified as either substitutes or complements. ... An increase in the price of a good will decrease demand for its complement while a decrease in the price of a good will increase demand for its complement. 3. Income is another factor that can affect demand.

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what happens when price of related goods increases Related: Lecture 2...
Quantity demanded will decrease but quantity demanded for it substitute will increase since related goods are can be a substitutional goods.
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what happens when price of related goods increases Related: Lecture 2 - Demand, Supply And Market Equilibrium
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