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How Substitutes and Complements Affect Demand
4:20
YouTubeEdspira
How Substitutes and Complements Affect Demand
This video shows how changes in the price of a related good (a substitute or complement) can affect demand for a good. Decreases in the price of a substitute decrease demand for a good, while increases in the price of a substitute increase demand for a good. Conversely, decreases in the price of a complement increase demand for a good, while ...
137.3K viewsFeb 5, 2017
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