Two Goods Are Considered Substitutes Only If A(n)

question 19

Multiple Choice

Two goods are considered substitutes only if a(n) :

• A)decrease in the demand for one good leads to a decrease in the supply of the other.
• B)increase in the demand for one good leads to a decrease in the supply of the other.
• C)increase in the price of one good leads to an increase in the demand for the other.
• D)decrease in the price of one good leads to an increase in the demand for the other.
• E)decrease in the supply of one good causes producers to switch to production of the other.