Suppose that goods x and y are substitutes and the price of good y falls. we would then expect part 2 then d. an increase in the quantity demanded of good y and a decrease in the demand for good x.
For example, a one-dollar bill is a great replacement for another dollar invoice. And butter from exceptional producers is also taken into consideration ideal substitute the manufacturer may be one of a kind, but their motive and usage are identical.
One-word substitution is the use of one word in the vicinity of a wordy phrase for you to make the sentence structure clearer. This which means, with the substitute of the phrase remains equal while the sentence becomes shorter. One phrase Substitution instance: My buddy drives me in a vehicle around a metropolis.
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