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Products Whose Demand Rises When Another Product’s Price Increases Are Called. Elastic goods are products whose demand is. Products whose demand rises when another product's price increases are called substitute goods.
Therefore, option d is not relevant to the question. In summary, the correct term for products whose demand rises when the price of another product increases is substitute. A set of flashcards for economics students to review terms and concepts.
Products whose demand rises when another product’s price increases are called complementary goods. One card defines substitute goods as products whose demand rises when another product's price increases. Products whose demand rises when another product's price increases are called substitute goods.
1 identify the term for goods whose demand increases when the price of another good rises 2 recognize that these goods are called substitute goods because when the price of one good. Elastic goods are products whose demand is. A set of flashcards for economics students to review terms and concepts.
In summary, the correct term for products whose demand rises when the price of another product increases is substitute. Therefore, option d is not relevant to the question.
