Assuming Coffee and Cola Are Substitutes, If the Price of Coffee

question 411

Multiple Choice

Assuming coffee and cola are substitutes, if the price of coffee rises

• A)there is a movement along the demand curve for cola.
• B)the demand curve for coffee will shift to the right.
• C)the demand curve for cola will shift to the right.
• D)the demand curve for coffee will shift to the left.

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Definitions:

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are accessible to all members of society and one person's use does not reduce availability to others.

Indivisible

A characteristic of goods or factors that cannot be divided or separated into smaller units without losing value or utility.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.