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:
A trade surplus can create employment and economic growth, but may also lead to higher prices and interest rates within an economy. A country's trade balance can also influence the value of its currency in the global markets, as it allows a country to have control of the majority of its currency through trade.
Explanation:
If he paints his face, dances energetically in the stands, and hurls obscenities at the opposing team. This is an example of Deindividuation.
<h3>What is Deindividuation?</h3>
Deindividuation can be defined as the way in which a person tend to behave or act differently when they are in group compare to when they are alone.
Hence, Based on the given scenario Lucas has Deindividuation personality because he is a mild- manner person, but the football team he belongs to brings him out of his shell.
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