How Substitutes and Complements Affect Demand

This video shows how changes in the price of a related good (a substitute or complement) can affect demand for a good. Decreases in the price of a substitute decrease demand for a good, while increases in the price of a substitute increase demand for a good. Conversely, decreases in the price of a complement increase demand for a good, while increases in the price of a complement decrease demand for a good.
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[@crafofart]

Train tickets become cheaper how does it cause decrease in demand for bus tickets? Isn't it the other way around?

[@richardreyes3764]

Brooo, I was losing my mind when I found your accounting work, but I didn’t know you do ECON too!?? You’re a goat 🐐!!!

[@Edspira]

Thank you my friend!

[@wayporeber5287]

Thank you for this ideas..I will use this for my report😄😄

[@Edspira]

Nice!

[@amenaqutbuddinhusain5232]

Very much helpful....😀thanku sir

[@MDHossain-tk4mx]

Thank you Through explanation

[@Edspira]

You are welcome!

[@calvinlam949]

In the case of pasta and pasta sauce, what if the demand for pasta increases, leading to an increase in price? Will this decrease the demand for pasta sauce? Or will it still increase the demand for pasta sauce as they have a joint demand?

[@kishorer5545]

It's clear my doubt...great video 🤗❤️

[@Edspira]

Glad it was helpful!

[@rchallender2493]

Ha Gaahhhh why is this so hard for me to wrap my head around 😫! This video was helpful, but I still feel shaky on these! So If you were to look at two items that are compliments with each other would an increase in either of the two compliments always produce the same results on demand!? And would the same hold true with two items that are both substitutes for each other? Like for compliments if we were looking at let's say ski boots and skis, would an increase in either ski boots or skis produce a decrease in demand? Conversely would a decrease in the price of either ski boots or skis always produce and increase in demand of the other?

[@ratnasur4564]

1. yes, lets suppose there are 2 complements, brick and cement, so if brick's price rises then it will be relatively costlier for us to use the two together, same for the combo of any 2 other items , and vice versa with inc 2. yes again, lets suppose that u use tea and coffee both, so in case of inc of tea, you would naturally resort oto coffee since now it is cheaper than the tea, but if the price of tea was dec, then you would dec demand for coffee so i hopeu understood this :)

[@maylinthant8686]

Hello, how about Crude Oil and Train Travel? Are they complements or substitutes?

[@javohirai]

Thank you so much for easy access to understand the difference!

[@Edspira]

You're very welcome!

[@steelray4304]

Thank you so much! You saved more than an hour for me :D

[@carolinagarciagomez7281]

Explained sooo well tysm !

[@freaky_phish]

Should have more views! Very well explained.

[@brianyen373]

Thanks.🥰

[@Edspira]

You’re welcome 😊

[@jiamin9434]

This video supper helpful for my economic knowledge !!

[@honeymilku5659]

Thank you so much its clear now !!

[@Edspira]

Glad it helped!

[@chillingouthere5008]

what if government impose tax on a complementary good how does that affect supply and demand of the other good

[@londekandlovu8906]

You’re a genius!!

[@dumsdayYT]

Thank u❤

[@chasealexandermartin5465]

This is clutch thanks

[@iwoedward-pepple3436]

thanks a lot it helped me a lot

[@karinaabramchuk3815]

Very clear explanation! I totally get it now. :D

[@Edspira]

Great!

[@raj56736]

Do people still reply after an year from posting comments? Just testing...

[@Thunder-ee7bq]

thank you

[@brendanbaumgarten1902]

Just the person I needed to help me with Economics! Thank you for the video!

[@esteban_ruiz]

Really nice explanation. Nice economics

[@jagdeepkaur5346]

protein bar and protein shakes are complements.if price of shake decrease then demand for protein bar will increase??

[@hasinashraf4423]

yes

[@jacobvillanueva7082]

L

[@khadijabenamer3313]

It is really helpful , Thank you so much

[@Edspira]

No problem. Take Care!

[@sinniechan2390]

I get this but I don't know how substitutes & complements affect supply...

[@bangtanutopiaa]

Substitutes and complements are determinants of demand not supply. There are separate determinants for supply :-)

[@MrSpaceplatypus]

Very good video. Thanks for the clear explanation!

[@vrindharanjith4387]

Thank you so much !

[@hugoabe1809]

Great video

[@blastedflavor3604]

Great Video! Very helpful!

[@betul3835]

Thank you🙏🏻

[@thefreshprince26]

Thank you

[@harishahari1495]

Thank you so much

[@Edspira]

No problem!

[@lostheroes8704]

Thank you sir!

[@camnhungtrinhthi8415]

very helpful. thank you

[@estherxenabejona6905]

very big help

[@SurferBum1002]

Very helpful

[@vinothbalendran363]

Good explanations..

[@mmmnnn302]

thank you.

[@Edspira]

No problem!

[@ivahna1998]

Excellent !!

[@ClassiqueXx]

Thank you!

[@Edspira]

no problem!