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Amanda E Scheib
on Dec 05, 2024

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If goods A and B are substitutes,a decrease in the price of good B will:

A) increase the demand for good A.
B) increase the demand for good B.
C) decrease the demand for good A.
D) increase the demand for good B and decrease the demand for good A.

Substitutes

Products or services that can be used in place of each other, offering consumers choices in the marketplace.

  • Familiarize oneself with the notion of complements and substitutes and their consequence on consumer demand.
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Christal PaigeDec 12, 2024
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