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since hamburges don't contain chicken, it would be best to treat them as substitute goods. If the price of chicken increases, more people will eat hamburgers, which will also increase the price of hamburgers.
Substitutes
If goods are perfect substitutes, a consumer will have no preference as to which one he or she will prefer and will make their decision on price alone. It is likely however that perfect substitutes would also all be sold for the same price.
Price will increase
WHAT
since hamburges don't contain chicken, it would be best to treat them as substitute goods. If the price of chicken increases, more people will eat hamburgers, which will also increase the price of hamburgers.
crayons and hamburgers
Substitutes
Elastic goods usually have many substitutes, so changes in price will decrease demand. Inelastic goods, on the other hand, have very few substitutes, so demand isn't generally affected by price change.
If goods are perfect substitutes, a consumer will have no preference as to which one he or she will prefer and will make their decision on price alone. It is likely however that perfect substitutes would also all be sold for the same price.
Price will increase
Elastic goods usually have many substitutes, so changes in price will decrease demand. Inelastic goods, on the other hand, have very few substitutes, so demand isn't generally affected by price change.
A and B are said to be complementary goods if the price of A decreases (increases) will result an increase (decrease) of the demand of B. In addition, they are goods usually consumed together.
WHAT
Close substitutes are those goods that could closely take the place of a particular good.
the indifference curve has its usual negatively sloping shape
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.