Question

What are substitute goods? Explain how a change in the price of a substitute good can act as a demand shifter.​

Answer 1

Answer:

Explanation:

Substitutes are goods where you can consume one in place of the other. Explanation: The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases.

Answer 2

Answer:

Substitutes are goods where you can consume one in place of the other.

Explanation:

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