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bonufazy [111]
3 years ago
9

when it comes to substitute goods, if the price of Sprite increases, what will happen with the demand for a substitute good like

7-up
History
1 answer:
devlian [24]3 years ago
6 0

If the price of Sprite increases, the demand for a substitute good like 7-up will increase too, because people will seek for a substitute product to replace Sprite.

<u>Law of demand</u> explains the higher the price of a good, the less people will demand it (or avoid it), and will seek others to replace it.  

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