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Author Question: Suppose that X and Y are substitute goods. If the price of good X increases, we can expect: a. the ... (Read 97 times)

JGIBBSON

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on: Jun 30, 2018
Suppose that X and Y are substitute goods. If the price of good X increases, we can expect:
 a. the demand for good X to shift to the left.
  b. an upward movement along the demand curve for good Y.
  c. the demand curve for good Y to shift to the right.
  d. a downward movement along the demand curve for good Y.
  e. the demand curve for good Y to shift to the left.

Question 2

Two goods that are substitutes are:
 a. bacon and eggs.
  b. camera and film.
  c. tennis racket and tennis balls.
  d. movie theater tickets and video rentals.
  e. coffee and cream.


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kbennett34

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


JGIBBSON

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Reply #2 on: Jun 30, 2018
Thank you :)


kbennett34

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Reply #3 on: Jun 30, 2018
Happy to help you


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