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PRICES OF RELATED GOODS

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by

Nancy Morales

on 26 April 2010

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Transcript of PRICES OF RELATED GOODS

changes in a product's price
can affect the supply for the
product's related goods PRICES OF RELATED GOODS The supply for one good
often is connected to the supply
for its related goods some examples are:
Before 2000
VCRs VS DVD players
when DVD players came out the price
of VCRs decrease!
After 2000:
when the price of gas when up,
the price of bigger cars decrease, and
smaller car prices increase!
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