6. Substitute and complementary goods

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Demand for a particular product also depends on the availability of substitutes. For example, if the price of gasoline increases significantly, demand for electric cars may increase. At the same time, if the price of smartphones increases, this may lead to an increase in demand for accessories such as chargers and cases.
consumer demand
Types of consumer demand
Consumer demand can be of different types depending on the level of satisfaction usa consumer mobile number list of needs and the state of the market. Let's consider the main ones.
1. Market of high-quality goods
Demand for such products remains stable or even increases despite rising prices. These are products that meet the needs of a certain segment of the audience that values ​​high quality and uniqueness. An example would be luxury clothing or car brands, for which there is stable demand despite high prices.
2. Market of essential goods
Essential goods (food, medicine, household chemicals) have a stable demand. People will buy these goods in any case, no matter how much the prices change. In some cases, such demand may even increase if the goods become scarce.