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posledela
3 years ago
9

How do compliments and substitutes affect demand ?

Business
1 answer:
pashok25 [27]3 years ago
5 0
When examining how price and demand changes will affect markets, it is important to consider how various goods are related. We can separate goods into 2 basic types: substitutes and complements. ... When the price increases for one good, the demand for the substitute will increase (assuming that price remains constant).
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Explanation is given below

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Given that, the total budget for the media is only $1,000 per month.

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