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Explain how the demand for a …

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Explain how the demand for a good is affected by the price of related good. Give example

Posted by Chirag Gupta 7 years, 10 months ago

CBSE > Class 12 > Economics

3 answers

Hero Time 7 years, 10 months ago

If price® increases demand increase and vice

Aamir Beg 7 years, 10 months ago

If Price is high then Demand is low if Price is low then Demand is high.

Sna Sarangi 7 years, 10 months ago

In case of complimentry goods i.e. the goods which are used jointly for eg. Car and petrol;if price of car increases then demand for petrol will decrease......and in case of substitute good i.e. the goods used in place of other goods for eg.tea and coffee;if price of tea increases than demand for coffee will increase.....

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