If the demand curve of a good shifts upward, what will the effect on the market price of a substitute good be?

1 Answer
Nallasivam V
Oct 18, 2015

The substitute good will become relatively cheap.

Explanation:

With an upward shift of the demand curve the price of the product will go up. If the demand curve of the substitute remains where it has been, then it will become relatively cheap.

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