Substitute Goods Graph. Movement along the. It means that as the price of product x rises the demand for the other product rises.
Substitute goods tend not to appear in the same bundle of goods purchased in a certain shopping session. In that case the. Coke and pepsi iphone and galaxy s series nike and adidas.
If the price of a substitute good increases the demand of the second good will increase.
Graph of two substitute goods. Perfect substitutes exist if a consumer can use both goods in exactly the same way. In the case of substitute goods the cross elasticity is positive. In that case the.
