If Two Goods Are Considered Substitutes and the Price of One

question 98

Multiple Choice

If two goods are considered substitutes and the price of one decreases, 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:

Causal Factors

Elements or conditions that can directly influence the occurrence or development of a phenomenon or outcome.

Population Efficacy

The effectiveness of a treatment or intervention when applied to a broad population under 'real-world' conditions.

Interventions

Actions or processes conducted to modify an outcome or conditions in a study or therapeutic context.

Random Sample

A subset of a statistical population in which each member of the subset has an equal probability of being chosen.