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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