Ask Question
3 October, 05:06

when it comes to substitute goods, if the price of Sprite increases, what will happen with the demand for a substitute good like 7-up

+1
Answers (1)
  1. 3 October, 08:45
    0
    If the price of Sprite increases, the demand for a substitute good like 7-up will increase too, because people will seek for a substitute product to replace Sprite.

    Law of demand explains the higher the price of a good, the less people will demand it (or avoid it), and will seek others to replace it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “when it comes to substitute goods, if the price of Sprite increases, what will happen with the demand for a substitute good like 7-up ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers