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8 December, 08:08

How do compliments and substitutes affect demand?

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  1. 8 December, 08:29
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    When examining how price and demand changes will affect markets, it is important to consider how various goods are related. We can separate goods into 2 basic types: substitutes and complements ... When the price increases for one good, the demand for the substitute will increase (assuming that price remains constant).
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