Given a Fixed Supply of Lamb Chops, a Reduction in the Price

question 26

Multiple Choice

Given a fixed supply of lamb chops, a reduction in the price of pork chops (close substitutes) will tend to:

• A)shift the demand curve for lamb chops to the right.
• B)shift the demand curve for pork chops to the right.
• C)shift the demand curve for pork chops to the left.
• D)raise the price of lamb chops.
• E)lower the price of lamb chops.

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