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in this video were going to discuss substitutes and complements in economics so the idea behind substitutes and complements is that a change in the price of one good can actually affect demand for a different good and it depends on whether the two goods are substitutes or complements so for example lets take a bus ticket and were thinking about a bus to get your thing about taking a trip but you could also take a train right so you could also get a train ticket so if were thinking about the demand for bus tickets and theres an increase in the price of train tickets so then people will say okay well train tickets are increasing in price Im going to increase my demand for bus tickets Id rather ride the bus because the Train is getting more expensive right so if we have the increase in the price of a substitute that will increase demand for something like the bus ticket now if theres a decrease in the price of a substitute lets say the train tickets actually became cheaper then t