When the price of good A rises and this causes an increase in the demand for good B, how is good B classified?

Choose the correct answer

Explanation

If an increase in the price of one product (good A) leads to a higher demand for another product (good B), it indicates that these goods can replace each other. Therefore, good B is considered a substitute good. Complementary goods, on the other hand, see demand decrease when the price of the related good rises.

When the price of good A rises and this causes an in… — Introduction To Economics | PakQuizHub