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29 April, 08:25

How does price changes affect the demand for goods that are unrelated?

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  1. 29 April, 09:52
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    Well, if the amount of a object increased, but there was a alternative you could buy that would save you money, you would chose the cheaper (but the same) product.

    For instance if the price of Orange Juice A went up by $2, but the price of Orange Juice B stayed the same, people would stop buying Orange Juice A, and the demand for OJ B would increase, even though its unrelated to the price change.
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