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28 December, 16:12

Explain how the change in the price of a product affects demand for its substitute goods and its complementary goods

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  1. 28 December, 16:26
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    Conversely, the demand for a good is decreased when the price of another good is increased. If goods A and B are complements, an increase in the price of A will result in a leftward movement along the demand curve of A and cause the demand curve for B to shift in; less of each good will be demanded.

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