If Goods a and B Are Considered Substitutes, a Decrease

question 49

Multiple Choice

If goods A and B are considered substitutes, a decrease in the price of A would cause

• A)the demand curve for B to the right.
• B)the demand curve for B to the left.
• C)cause a movement along the demand curve for B to a (higher price, lower quantity)point.
• D)cause a movement along the demand curve for B to a (lower price, higher quantity)point.

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Definitions:

Basic Psychological Principles

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