-Scooters and Bicycles Are Substitutes

question 14

Multiple Choice

-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.

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