Explain the effect of the change in the prices of related goods on the

1.	Explain the effect of the change in the prices of related goods on the demand for a given good.
Answer» Solution : If the two goods are substitues, then a fall in PRICE of ONE good LEADS to fall in demand of the other good. On the other HAND, if the two goods are COMPLEMENTARY goods, a fall in price of one good leads to an increase in demand of the other good.

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