The Rise in the Price of Butter Will Lead To

question 27

Multiple Choice

The rise in the price of butter will lead to:

• A)a fall in the demand curve for butter.
• B)a rightward shift in the demand curve for butter's substitute.
• C)a leftward shift in the demand curve for butter's substitute.
• D)an increase in the marginal utility of the last unit consumed of butter's substitute.
• E)none of the above.

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