which of these is true of substitute products? a an increased price for one will always result in an…

which of these is true of substitute products? a an increased price for one will always result in an increased price for the other. b an increased demand for one will always result in an increased demand for the other. c a decrease in price for one will usually result in an increased demand for the other. d a decrease in the price for one will usually result in a decrease in demand for the other. e an increased price for one will usually result in a constant demand for the other.

which of these is true of substitute products? a an increased price for one will always result in an increased price for the other. b an increased demand for one will always result in an increased demand for the other. c a decrease in price for one will usually result in an increased demand for the other. d a decrease in the price for one will usually result in a decrease in demand for the other. e an increased price for one will usually result in a constant demand for the other.

Answer

Brief Explanations:

Substitute products are alternatives to each other. When the price of one substitute product decreases, consumers are more likely to buy it instead of the other substitute, reducing the demand for the other.

Answer:

D. A decrease in the price for one will usually result in a decrease in demand for the other.