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Uploaded At Aug 8, 2024 ^^
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RYD date created : 2024-08-08T07:35:22.840409Z
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Respected sir,
For your provided homework 👇
The answer is Substitute goods
Reasonable explanation 👇
Goods that are consumed together are called complementary goods.
If the demand for good moves in the opposite direction of the price of its complementary goods then the goods are substitutional to each other
if the price of coca cola increases, the consumers can shift to pepsi , and hence, the consumption of pepsi is likely to go up. On the other hand, if the price of coca decreases , the consumption of pepsi is likely to go down. The demand for a good usually moves in the direction of the price of its substitute
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@ranjanapurkait9282
1 week ago
Substitute good
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