If two goods are substitutes, an increase in the price of one good causes the demand for the other good to increase. c. The movement along a demand curve is ...
two-goods-are-substitutes-when-a-decrease-in-the-price-of-one-good
if the prices of all the resources devoted to the production of goods increase, the ... percentage, the price of that good must rise by a greater relative amount. c) ... If the supply and demand curves for a product both decrease, we can say that ... If products C and D are close substitutes, an increase in the price of C will: a). 3925e8d270
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