A Decrease in the Price of One Substitute Good Causes

question 71

Multiple Choice

A decrease in the price of one substitute good causes:

• A) an upward movement along the demand curve for the other substitute good.
• B) a downward movement along the demand curve for the other substitute good.
• C) a rightward shift in the demand curve for the other substitute good.
• D) a leftward shift in the demand curve for the other substitute good.

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Definitions:

General Social Survey

A sociological survey conducted in the United States to collect data on demographics, behaviors, attitudes, and societal trends.

Conflict Perspective

A theoretical framework in sociology that views social life as a competition for limited resources, emphasizing the conflicts between differing social classes and groups.

Reproduce Inequality

The perpetuation and maintenance of unequal social structures and relationships across generations, often through institutional practices and cultural norms.

Unequal Funding

The disparity or imbalance in financial resources allocated to different institutions, organizations, or sectors, often leading to inequalities in quality and outcomes.