If Two Goods Are Considered Substitutes and the Price of One

question 44

Multiple Choice

If two goods are considered substitutes and the price of one increases, the other good's

• A)demand curve will shift to the right.
• B)supply curve will shift to the right.
• C)demand curve will shift to the left.
• D)supply curve will shift to the left.

---

Definitions:

Unknown Territory

New or unfamiliar areas, contexts, or situations that have not been previously explored or understood.

Venture Capital Investment

Funding provided by investors to startup companies and small businesses with perceived long-term growth potential.

Actual Deal

The final agreement in a negotiation or transaction, reflecting the realized conditions and terms after discussions have concluded.

Fund Raising

The process of gathering voluntary contributions of money or other resources, typically for non-profit organizations or to finance a particular project or venture.