please isay correct kar ke deden.
Product A belongs to the category of normal goods and it has a lot of substitutes. If the price of product B increases then what will be the effect on its demand? Justify your answer with the help of graph.
Product B is a high quality product and people who purchase this product belong to elite class. It has very less substitutes available in the market which don't have the same quality as product C has. If the price of product C increases then what will be the effect on the demand of product C? Justify your answer with the help of graph.
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