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Handout

Auburn University: A Glossary of Political Economy Terms: Substitute Goods

Curated by ACT

Dr. Johnson thoroughly explains the concept of "substitute goods," and how a price increase of one good will shift the demand curve for a substitute good.

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Concepts
demand
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Additional Tags
demand determinants, law of demand, substitute goods, substitute products, substitutes, auburn university: a glossary of political economy terms: substitute goods, substitute product
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