If two goods are substitutes, then O an increase in the price of one causes the demand for the other to fall. O there is an inverse relationship between changes in the price of one good and changes in the demand for the other. O if the price of one good falls, the demand for the other good falls also. O changes in the quantity demanded of one good will not affect the demand for the other.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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If two goods are substitutes, then
O an increase in the price of one causes the demand for the other to fall.
O there is an inverse relationship between changes in the price of one good and
changes in the demand for the other.
O if the price of one good falls, the demand for the other good falls also.
O changes in the quantity demanded of one good will not affect the demand for the
other.
Transcribed Image Text:If two goods are substitutes, then O an increase in the price of one causes the demand for the other to fall. O there is an inverse relationship between changes in the price of one good and changes in the demand for the other. O if the price of one good falls, the demand for the other good falls also. O changes in the quantity demanded of one good will not affect the demand for the other.
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