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True or false: Regard Substitute goods price and demand are positively related?

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Question added by Hany Helmy Haleem , Director of Warehouses , Nasco Automotive
Date Posted: 2015/04/08
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Abdou warshan
by Abdou warshan , • مدير إدارة المخازن والنقل , شركة تمكين الدولية للأجهزة المنزلية

True                                               .

Elke Woofter
by Elke Woofter , Project Assistant , American Technical Associates

my answer is true.....................

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

TRUE <<<<<<<<<<<<<<<<<<<<<<ANSWER

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

True

......................................................

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

Demand for a given commodity varies directly with the price of a substitute good.

If price of a substitute good (say, coffee) increases, then demand for given commodity (say, tea) will rise as tea will become relatively cheaper in comparison to coffee.

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