Economics · Demand Analysis

If the price of a related commodity changes (substitute or complement), what effect will it have on the demand curve for the original commodity?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Expansion in demand only
2Contraction in demand only
3Shift in the demand curve✓
4Movement along the demand curve

Correct answer

Shift in the demand curve

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If the price of a related commodity changes (substitute or complement), what effect will it have on the demand curve for the original commodity?

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If the price of a related commodity changes (substitute or complement), what effect will it have on the demand curve for the original commodity?

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