Products Whose Demand Rises When Another Product’s Price Increases Are Called Substitute Goods. Complementary Goods. Elastic Goods. Clearance Goods.. Learn how the demand curve shifts in response to the price of another good depending on the relationship between them: Learn the definitions, examples, and differences of substitute goods and complementary goods, and how they affect the demand for a given commodity.
Learn the definitions, examples, and differences of substitute goods and complementary goods, and how they affect the demand for a given commodity. Complements, substitutes, or independent goods. Products whose demand rises when another product's price increases are called substitute goods.
