How does change in price of a substitute good affect the demand of the given good ? Explain with the help of an example

How does change in price of a substitute good affect the demand of the

1.	How does change in price of a substitute good affect the demand of the given good ? Explain with the help of an example
Answer» Solution :SUBSTITUE GOODS are those goods which can be used in place of ONE another to satisfy a particular want. Price of one substitute good has a positive RELATIONSHIP with qunatity demanded of another substitute good, HENCE an increase in price of one substitue will lead to an increase in demand of another subsitute and vice-versa. For example, if price of coke increases, the demand of pepsi will increase.