If Bagels and Croissants Are Substitute Goods, Which of the Following

question 208

Multiple Choice

If bagels and croissants are substitute goods, which of the following is likely to occur if the price of bagels has decreased?

• A) The demand curve for bagels shifts to the right.
• B) A leftward movement along the bagel demand curve.
• C) The demand curve for croissants shifts to the right.
• D) The demand curve for croissants shifts to the left.

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Definitions:

Communism

A socio-political and economic ideology aiming for a classless society in which the means of production are owned communally, and private property is nonexistent or severely curtailed.

Manufacturing Economy

A system where a country's economy is heavily reliant on the production and export of manufactured goods.

Crop Rotation

A method in agriculture where different types of crops are grown in the same area in sequenced seasons to improve soil health and reduce pests.

Rural Areas

Regions characterized by low population density and vast open spaces, typically dominated by agriculture and natural landscapes.