Can you think of any goods that if the price suddenly increased that you'd probably greatly reduce the amount you buy of the product. Are there any goods that even if the price went up, you'd probably keep buying just about the same amount as before? Are there goods that even if the price fell dramatically, you probably would buy about the same amount as before? Are there goods that if the price fell dramatically you would greatly increase your consumption of? I'll mark brainliest

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Adelaide Schmitt

4 May, 08:01

Can you think of any goods that if the price suddenly increased that you'd probably greatly reduce the amount you buy of the product. Are there any goods that even if the price went up, you'd probably keep buying just about the same amount as before? Are there goods that even if the price fell dramatically, you probably would buy about the same amount as before? Are there goods that if the price fell dramatically you would greatly increase your consumption of? I'll mark brainliest

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Reyna · Answer 1

Answer: Changes in the prices of other goods cause the supply curve to shift ... A decrease in the price of a substitute good causes an increase in supply and a rightward shift of the supply curve. With the lower price, sellers sell less of the substitute good and more of this good.