Substitute goods are the goods which can be used in place of each other to satisfy a want.
Complementary goods are the goods which are to be used together to satisfy a want. 3. When the price of one good increases, then the demand for its substitute will increase.
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Explanation:
Substitute goods are the goods which can be used in place of each other to satisfy a want.
Complementary goods are the goods which are to be used together to satisfy a want. 3. When the price of one good increases, then the demand for its substitute will increase.
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