Business
Business, 03.02.2021 18:30, cass8947

Why does demand for substitutes tend to move in the opposite direction from each other?
O A. One of the substitutes is usually elastic, while the other is
inelastic.
O B. When the price of a good goes up, consumers shift their demand
to its substitute.
C. Substitute goods have perfect unit elasticity for each other.
O D. Substitute goods tend to have inelastic demand.

answer
Answers: 3

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Why does demand for substitutes tend to move in the opposite direction from each other?
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