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However, demand is also affected by income, where a rise in income will result in a rise in demand as people have more spending power. The exceptions to this statement are inferior goods, for example, Spam as people choose a "better" substitute like Salmon. Prices of other goods may affect demand. These may be complements,- as technology has improved, video recorders have become cheaper, increasing demand for video cassettes, or substitutes, in the case of two similar chocolate bars, if one is cheaper that the other, demand for that one might increase...
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Prices of other goods may affect demand. These may be complements,- as technology has improved, video recorders have become cheaper, increasing demand for video cassettes, or substitutes, in the case of two similar chocolate bars, if one is cheaper that the other, demand for that one might increase. Demand for some products may change simply because of tastes and preferences or because of expectations of future price changes...
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Hitler - Rise to Power
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