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-Scooters and Bicycles Are Substitutes

question 14

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  -Scooters and bicycles are substitutes.Suppose that the price of a bicycle falls.Which of the figures above best illustrates how this fall in price affects the demand curve for scooters? A)  Figure A B)  Figure B C)  Figure C D)  Figure D E)  None of the above answers is correct because the change in the price of a bicycle will affect the supply curve not the demand curve.
-Scooters and bicycles are substitutes.Suppose that the price of a bicycle falls.Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?


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