76 804
Assignments Done
Successfully Done
In June 2019

Answer to Question #61275 in Microeconomics for shohan ghotra

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.
Expert's answer
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.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions