If Goods J and K Are Substitutes, an Increase in the Price

question 41

Multiple Choice

If goods J and K are substitutes, an increase in the price of J causes:

• A) the demand curve for K to shift towards the origin.
• B) K's demand curve to shift to the right.
• C) the demand for J to increase.
• D) the demand curves for both J and K to shift to the left.

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Definitions:

Militarist

An advocate for the maintenance of strong military capabilities and the readiness to use force to protect or promote national interests.

Anti-Semitism

Prejudice, discrimination, or hostility directed against Jewish people.

German Jews

Refers to the Jewish community in Germany, which has a long history but faced persecution, culminating in the Holocaust during World War II.

Bankers and Jewelers

Bankers and Jewelers typically refers to professionals in the finance and luxury goods sectors, highlighting their roles in managing and trading wealth and valuable items.