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:
(in some cosmological theories) nonluminous material that is postulated to exist in space and that could take any of several forms including weakly interacting particles (cold dark matter) or high-energy randomly moving particles created soon after the Big Bang (hot dark matter).
Explanation:
Answer:
Spanish conquistador Hernán Cortés (c. 1485-1547)
Explanation:
known for conquering the Aztecs and claiming Mexico on behalf of Spain
Answer:
Yes
Explanation:
Physical violence can result in you or others being hurt. It can also cause you to end up in jail or worse.
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