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const2013 [10]
3 years ago
14

How do substitutes affect demand?

Social Studies
1 answer:
OverLord2011 [107]3 years ago
3 0

With the increase or decrease of the prices of substitutes, the demand of the substitute goods also decreases or increases.

Explanation:

Substitutes are the products which can be used in place of another product. For example, a cup of coffee can be taken instead of a cup of tea, or Coke can be taken instead of Pepsi.

Change in the price of Substitutes can affect the demand of other substitutes. If the price of a product increases, then the demand of its substitute increases, and if the price of the product decreases, then the demand of its substitute also decreases.

We can understand this relation with an example. Suppose the product is tea. The substitute of tea is coffee. If the price of tea increases, then people will definitely move towards the substitute, which is coffee. This will increase the demand for coffee. Similarly, if the price of tea decreases, people will buy more tea than coffee, which will decrease the demand for coffee. This is how the substitutes affect demand of each other.

Learn more about substitutes at:

brainly.com/question/12566919

#LearnWithBrainly

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Answer:

Explanation:

Florida is in the U.S It could become even more difficult to change the Florida constitution via petition drives under a bill approved by a Senate Committee on Monday, a move that comes after recent initiatives legalizing medical marijuana and restoring the voting rights of most felons, and amid proposed petitions that would raise the minimum wage and ban assault rifles.

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3 years ago
What term refers to the institutions and procedures through which a territory and its people are ruled?
vredina [299]

Government is the term that describes the formal institutions and procedures through which a territory and its people are ruled. Governments vary in their structure, in their size, and in the way they operate.

<h3>What are the roles and responsibilities of government?</h3>
  • First of all, the government is responsible for maintaining  law and order in the country. They must provide the necessary funding to build an effective and capable police force, a justice system that serves all citizens equitably, and a well-trained defense force. For all three levels of government,  security  is a top priority.
  • After providing top security, the government must focus on the well-being of the people.
  • In addition to the former two, the government must prioritize the conservation of nature and the environment.
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<h3>What is appeal to the person?</h3>

Appeal to the person is statement of fallacy which is on the basis of confirminng or rejecting that something is real base on the opinion of the person. Some other examples of fallacy include common belief fallacy, Ethnos appeal, appeal for popularity and so on.

Therefore, Appeal to the person is fallacy of rejecting a statement on the grounds that it comes from a particular person.

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