Author Question: Suppose A and B are substitute goods. Other things being equal, the demand curve for A will shift to ... (Read 52 times)

cnetterville · **on:** Jun 30, 2018

Suppose A and B are substitute goods. Other things being equal, the demand curve for A will shift to the right when the price of B goes down.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If X and Y are substitutes, the demand curve for X will shift to the right when the price of Y decreases.
a. True
b. False
Indicate whether the statement is true or false