If Bagels and Croissants Are Substitute Goods, Which of the Following

question 208

Multiple Choice

If bagels and croissants are substitute goods, which of the following is likely to occur if the price of bagels has decreased?

• A) The demand curve for bagels shifts to the right.
• B) A leftward movement along the bagel demand curve.
• C) The demand curve for croissants shifts to the right.
• D) The demand curve for croissants shifts to the left.

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Definitions:

One-Stop Shopping

A retail convenience concept where customers can meet all their buying needs in a single location, saving time and effort.

Specialty Outlet

A retail store that focuses on selling a specific category of products or services, often characterized by a high level of expertise and customer service.

Scrambled Merchandise Store

Retail outlets that carry a wide range of products outside of their traditional merchandise lines, expanding their offerings to increase foot traffic and sales.

General Merchandise Store

A retail establishment offering a wide range of products across different categories, typically without a specialty focus.