What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
As longer time periods are taken and a bigger range of adjustments (or substitutions) become obtainable, then demand curves tend to become: (1) flatter, as supply curves become steeper. (2) Steeper as supply curves become flatter. (3) Flatter, and therefore do supply
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