Author Question: Assuming that hamburgers and hot dogs are substitutes, an increase in the price of hamburgers, other ... (Read 149 times)

Zulu123 · **on:** Jun 30, 2018

Assuming that hamburgers and hot dogs are substitutes, an increase in the price of hamburgers, other things being equal, results in a:
a. rightward shift in the demand curve for hot dogs.
b. leftward shift in the demand curve for hamburgers.
c. rightward shift in the demand curve for hamburgers.
d. leftward shift in the demand curve for hot dogs.

Question 2

Assuming that Pepsi-Cola and Coca-Cola are substitutes, a rise in the price of Pepsi-Cola, other things being equal, results in a(n):
a. upward movement along the demand curve for Coca-Cola.
b. downward movement along the demand curve for Coca-Cola.
c. leftward shift in the demand curve for Coca-Cola.
d. rightward shift in the demand curve for Coca-Cola.