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en:substitute-goods-examples [2018/09/10 14:41]
federico
en:substitute-goods-examples [2018/09/29 11:37] (current)
federico
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-**Substitute Goods** are those goods that can be used to satisfy the same necessity. Substitute Goods have a positive cross elasticity of demand. That is, when the price of one good increases, the quantity demanded of the other good increases, because the user can **substitute** one good for another. ​+**[[Substitute Goods]]** are those goods that can be used to satisfy the same necessity. Substitute Goods have a positive cross elasticity of demand. That is, when the price of one good increases, the quantity demanded of the other good increases, because the user can **substitute** one good for another. ​
  
 Complementary goods, in contrast, have a negative cross elasticity of demand. Complementary goods, in contrast, have a negative cross elasticity of demand.
en/substitute-goods-examples.txt · Last modified: 2018/09/29 11:37 by federico