Multiple Choice
Butter is a substitute for margarine. If the price of margarine drops, we would expect to see:
A) the price of butter rise and the quantity of butter fall.
B) the price of butter fall and the quantity of butter rise.
C) both the price of butter and the quantity of butter rise.
D) both the price of butter and quantity of butter fall.
Correct Answer:
Verified
Correct Answer:
Verified
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