Multiple Choice
All else constant,if butter and margarine are substitute goods,then as the price of butter rises,
A) the demand for margarine will fall
B) the quantity of butter demanded will fall
C) the demand for butter will fall
D) the demand for butter will rise
E) butter and margarine will become complementary goods,provided that butter is a normal good
Correct Answer:

Verified
Correct Answer:
Verified
Q58: If the price of orange juice rises,the
Q59: Excess demand occurs when<br>A) the actual price
Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -In Figure 3-8,using
Q61: If automobiles are like most goods and
Q62: The supply and demand model<br>A) tries to
Q64: If buyers' tastes and preferences shift in
Q65: Given the demand curve for laptop computers,if
Q66: The term quantity demanded<br>A) can refer to
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Consider the market
Q68: An increase in equilibrium price and a