Suppose That X and Y Are Substitute Goods

question 32

Multiple Choice

Suppose that X and Y are substitute goods. If the price of good X increases, we can expect:

• A) the demand for good X to shift to the left.
• B) an upward movement along the demand curve for good Y.
• C) the demand curve for good Y to shift to the right.
• D) a downward movement along the demand curve for good Y.

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Definitions:

Steel Plow

An agricultural tool made of steel, significant for its durability and efficacy in breaking tough soil, revolutionizing farming practices in the 19th century.

Segregated Pattern

A spatial arrangement where different groups are separated into different areas, often based on race, ethnicity, or socio-economic status.

Gender Lines

The distinctions or divisions made between genders, often referring to societal roles, behaviors, and expectations associated with being male or female.

Cooperative Pattern

A social arrangement or strategy where individuals or groups work jointly towards a common end.