Multiple Choice
Two goods are substitutes if:
A) an increase in the price of one leads to a shift to the left in the demand curve for the other.
B) an increase in the price of one leads to an increase in demand for the other.
C) an increase in the price of one will increase the supply of the other.
D) a fall in the price of one leads to a reduction in supply for the other.
Correct Answer:
Verified
Correct Answer:
Verified
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