Question #61275
why is the following true?

If an increase in the supply of good A decreases the demand for good B, then good A and good b are substitutes.
1
Expert's answer
2016-08-15T08:24:03-0400
Yes, since increase in the supply of good A means decline of its price. This means that good A is more attractive than good B. Demand for good B falls. It means that these goods are substitutes.

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