If Products C and D Are Close Substitutes,an Increase in the Price

question 35

Multiple Choice

If products C and D are close substitutes,an increase in the price of C will:

• A) tend to cause the price of D to fall.
• B) shift the demand curve of C to the left and the demand curve of D to the right.
• C) shift the demand curve of D to the right.
• D) shift the demand curves of both products to the right.

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