Answer to Question #268059 in Microeconomics for siva

Question #268059

 If the price of one of the goods rises by 5 per cent, what will happen to the demand for the other good, holding other factors constant?


1
Expert's answer
2021-11-18T10:21:14-0500

If the price of one of the two goods increases by 5 per cent, it will be substi­tuted by the other good so that the quantity demanded of this other good will increase.


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