Multiple Choice
If butter is a substitute for margarine, then an increase in the price of butter would be most likely to cause:
A) a rightward shift of demand for margarine.
B) a leftward shift of demand for margarine.
C) the quantity demanded for margarine to increase.
D) the quantity demanded for margarine to decline.
E) a decline in the price of margarine.
Correct Answer:
Verified
Correct Answer:
Verified
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