Products whose demand rises when another product’s price increases are called

substitute goods.
complementary goods.
elastic goods.
clearance goods.

Question

Products whose demand rises when another product’s price increases are called


substitute goods.
complementary goods. 
elastic goods.
clearance goods.

GPT-5 mini · Answer

Substitute goods.

Explanation: If the price of one product rises and consumers switch to another product, increasing its demand, the two are substitutes.

Products whose demand rises when another product’s price increases are called

substitute goods.
complementary goods.
elastic goods.
clearance goods.

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Products whose demand rises when another product’s price increases are called substitute goods. complementary goods. elastic goods. clearance goods.

All Answers 1