if the price of the realted good increase the producers will find it more profitable to produce them and they will shift their production to that commodity . thus as a result the supply of the good in the question will decrease .
when the price of good increas it will automatically affect the demand for the related good.
BIENES COMPLEMENTARIOS
Price of related goods fall into two categories: substitutes and complements. Complements are when a price decrease in one good increases the demand of another good. Substitutes are when a price decrease in one good decreases the demand for another good.
Price and demand of a good have inverse relationship. An increase in the prices of a good will lead to fall in the demand of a good and viceversa.
Expectations of future events affect the current demand for a good or service.
The 5 factors that affect the demand of fast moving consumer good include the price, quality, availability, competition and the use of the products. There are many other factors that affect the demand for such commodities
An increase in population
Price of related goods fall into two categories: substitutes and complements. Complements are when a price decrease in one good increases the demand of another good. Substitutes are when a price decrease in one good decreases the demand for another good.
Price and demand of a good have inverse relationship. An increase in the prices of a good will lead to fall in the demand of a good and viceversa.
Expectations of future events affect the current demand for a good or service.
The 5 factors that affect the demand of fast moving consumer good include the price, quality, availability, competition and the use of the products. There are many other factors that affect the demand for such commodities
An increase in population
Increase in the population.
immediate demand for a good will go up if it's price is expected to rise. this is how population changes affect demand for certain goods.
There are a number of factors that affect resource demand. Some of them include amount of labor, income prices of the related aspects, availability of the resources and so much more.
If people's taste shift away from good, demand curve will shift left, if people prefer a good more, demand shifts right.
There are a number of factors that affect resource demand. Some of them include amount of labor, income prices of the related aspects, availability of the resources and so much more.
If the price is expected to drop, current demand will fall.
If the price is expected to drop, current demand will fall.