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    Essentials of Economics Study Set 2
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    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
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    Figure 3-1 -Refer to Figure 3-1.An Increase in the Price of a the Price
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Figure 3-1 -Refer to Figure 3-1.An Increase in the Price of a the Price

Question 303

Question 303

Multiple Choice

Figure 3-1
Figure 3-1    -Refer to Figure 3-1.An increase in the price of a substitute would be represented by a movement from A)  A to B. B)  B to A. C)  D₁ to D₂. D)  D₂ to D₁.
-Refer to Figure 3-1.An increase in the price of a substitute would be represented by a movement from


A) A to B.
B) B to A.
C) D₁ to D₂.
D) D₂ to D₁.

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