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If Two Goods Are Substitutes in Consumption, A(n)

Question 164

Multiple Choice

If two goods are substitutes in consumption, a(n) :


A) decrease in the price of one product will cause an increase in the demand for the other product.
B) decrease in the price of one product will cause a decrease in the demand for the other product.
C) increase in the price of one product will cause an increase in the supply of the other product.
D) increase in the price of one product will cause a decrease in the supply of the other product.
E) increase in the price of one product will cause a decrease in the demand for the other product.

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