Use the Figure Below to Answer the Following Question(s)

question 288

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 3-3

-In Figure 3-3,if the initial demand for margarine were D₁,the impact of a decrease in the price of butter,a substitute good for margarine,would be illustrated as

• A)a shift in the demand curve to D₂.
• B)a shift in the demand curve to D₃.
• C)a movement downward to the right along the original demand curve D₁.
• D)none of the above.

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Definitions:

First Continental Congress

A meeting of delegates from twelve of the Thirteen Colonies in 1774, convened in Philadelphia to address issues with British governance, laying groundwork for the American Revolution.

Raised an Army

The act of recruiting, training, and organizing a military force for the purposes of defense or combat in a conflict or war.

Demoralized

Refers to a state in which an individual or group feels a loss of courage, confidence, or morale.

George Washington

The first President of the United States (1789–1797), commander of the Continental Army during the American Revolutionary War, and a Founding Father of the United States.