In economic theory, the demand for a good must depend only on income and its own price and not on the prices of other goods.

Name: In economic theory, the demand for a good must depend only on income and its own price and not on the prices of other goods.
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In economic theory, the demand for a good can also depend on the price of other goods, as well as factors such as consumer preferences and availability of substitutes. This concept is known as cross-price elasticity of demand.

In Economic Theory, the Demand for a Good Must Depend