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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You have to be 16 to get your drivers license. No younger no older
trade between the US and Canada
Explanation:
- River St. Lawrence is one of the largest and most important rivers in Canada.
- It is located in the eastern part of the country.
- It flows through the area where some of the most important cities such as Ottawa, Montreal and Quebec are located.
- It is also in the area near the US border.
Answer:
b
Explanation:
I don't know it that well but I think it is b cause there are many American explorers in arabia
