Substitute: When the price of good A rises, the demand for good B increases.
Example: Corn and leftover candy.
Ranchers have struggled with skyrocketing corn prices, because the drought has made feeding their livestock very expensive. But one rancher has turned to a very sweet solution.
...His 1,400 cattle are no longer feeding off corn. The prices, Watson says, are too high to keep corn in stock. So earlier this year, he began to buy second-hand candy.
"It has a higher ratio of fat than actually feeding straight corn," Watson explained. "It's hard to believe it will work but we've already seen the results of it now."
via www.wpri.com
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