Solved

If the Price of a Substitute Increases, the Demand Curve

Question 79

Multiple Choice

If the price of a substitute increases, the demand curve for a good:


A) does not move because the goods are independent.
B) does not move because the price and quantity adjust along the demand curve.
C) shifts down and to the left.
D) shifts up and to the right.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions