If Butter Is a Substitute for Margarine, Then an Increase

question 393

Multiple Choice

If butter is a substitute for margarine, then an increase in the price of butter would be most likely to cause:

• A) a rightward shift of demand for margarine.
• B) a leftward shift of demand for margarine.
• C) the quantity demanded for margarine to increase.
• D) the quantity demanded for margarine to decline.
• E) a decline in the price of margarine.

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Definitions:

Right Angle

An angle of 90 degrees, typical of the corner of a square or at the intersection of perpendicular lines.

Vectors

Quantities that have both magnitude and direction, used to represent physical properties such as force or velocity.

Magnitude

A measure of the size or extent of something, often used in reference to earthquakes or the brightness of stars.

°

A symbol denoting degrees, used to measure angles, temperature, or denote the order of a polynomial or differential equation but is not a key term by itself. NO.