Multiple Choice
The rise in the price of butter will lead to:
A) a fall in the demand curve for butter.
B) a rightward shift in the demand curve for butter's substitute.
C) a leftward shift in the demand curve for butter's substitute.
D) an increase in the marginal utility of the last unit consumed of butter's substitute.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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