If goods A and B are substitutes a decrease in the price of good B will?

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1098570

2026-08-14 07:20

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If goods A and B are substitutes, a decrease in the price of good B will likely lead to a decrease in the demand for good A. Consumers will find good B more attractive due to its lower price, leading them to purchase more of B instead of A. Consequently, the demand curve for good A shifts leftward, potentially reducing its equilibrium price and quantity.

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