Products Whose Demand Rises When Another Product’s Price Increases Are Calledsubstitute Goods.complementary Goods. Elastic Goods.clearance Goods.. If two goods are substitutes, an increase in the price of one good will result in a decrease in the quantity bought of that good, and an increase in the quantity of the other.

If two goods are substitutes, an increase in the price of one good will result in a decrease in the quantity bought of that good, and an increase in the quantity of the other.