Yes the two goods are therefore substitutes <span>if the price f a good X rises, causing the demand for good Y to fall for example two substitutes tea and coffee and the price of tea will be increase when the demand of coffee will decrease because now more people will demand tea and when demand increases price increases.
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Answer:
The Industrial Revolution changed the way things were made as new machines invented in the 1700s and 1800s meant it was possible to mass produce goods in factories. Starting in Britain and spreading through Europe and North America, a period of rapid social and economic change began, with widespread URBANIZATION.
Explanation:
<h3>#CARRY-ON Learning</h3>