How is the demand for a good affected by a rise in the prices of other goods ? Explain OR Does a rise of other good have same effect on demand for a commondity ?

How is the demand for a good affected by a rise in the prices of other

1.	How is the demand for a good affected by a rise in the prices of other goods ? Explain OR Does a rise of other good have same effect on demand for a commondity ?
Answer» <html><body><p></p>Solution :No, <a href="https://interviewquestions.tuteehub.com/tag/rise-1189674" style="font-weight:bold;" target="_blank" title="Click to know more about RISE">RISE</a> in prices of other goods does not have same effect on demand for a commodity. <br/> (i) In <a href="https://interviewquestions.tuteehub.com/tag/case-910082" style="font-weight:bold;" target="_blank" title="Click to know more about CASE">CASE</a> of rise in price of substitude goods, demand for the <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> commodity rises <br/> (ii) In case of rise in price of complementary goods, demand for the given commodity falls. <br/> (iii) In case of rise in price of <a href="https://interviewquestions.tuteehub.com/tag/unrelated-7334048" style="font-weight:bold;" target="_blank" title="Click to know more about UNRELATED">UNRELATED</a> goods, there is no change in demand for the given commodity.</body></html>