If two goods are substitutes, an increase in the price of one will cause the demand for the other to decrease.

Name: If two goods are substitutes, an increase in the price of one will cause the demand for the other to decrease.
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Quizplus · Accepted Answer

If two goods are substitutes, an increase in the price of one will typically cause the demand for the other to increase, as consumers switch to the cheaper alternative.

If Two Goods Are Substitutes, an Increase in the Price