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.
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Answer:
Declaration of Independence Timeline Complete the timeline using the seven events mentioned in your Studies Weekly newspaper. The first event will be the Royal Prodamation of 1763 and the timeline will end with the signing of the Declaration of Independence. Briefly explain each event in the box provided.
Explanation:
Presentation U.S. History Primary Source Timeline ... the Seven Years' War in 1763, few colonists in British North America objected to their place in the British Empire. ... First Shots of War, 1775 For some months, people in the colonies had been ... (the conflict would not become a "war for independence"
Answer:
1. the sun is the largest star is true. 2. the coolest stars are red true. 3. the brighter the star the bigger is false. 4. all stars are made out of gasses and are the same size and color is false. 5. a star's luminosity is the same as its apparent brightness is false.
Explanation:
The large thoughts of the Enlightenment genuinely had a huge impact on our Founding Fathers. The ideas of the social agreement, natural legal guidelines and herbal rights, and separation of powers, are all determined in our Founding documents, just like the United States of America and the statement of Independence.
The large ideas of the Enlightenment without a doubt had a large effect on our Founding Fathers. The ideas of the social contract, natural legal guidelines and natural rights, and separation of powers, are all discovered in our Founding documents, like the US charter and the declaration of Independence.
The Enlightenment now and again called the Age of Enlightenment, become an overdue seventeenth- and 18th-century intellectual movement emphasizing cause, individualism, and skepticism.
The founders of us were deeply encouraged by republicanism, by means of Locke, and via the optimism of the EU Enlightenment. George Washington, John Adams, and Thomas Jefferson all concurred that laws, in place of guys, should be the very last sanction and that authorities have to be accountable to the governed.
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