This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An increase in the price of butter, a substitute good, would be most likely to cause a. a rightward ... (Read 54 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jul 1, 2018
An increase in the price of butter, a substitute good, would be most likely to cause
 a. a rightward shift of the demand curve for margarine
  b. a leftward shift of the demand curve for margarine
  c. the quantity of margarine demanded to increase
  d. the quantity of margarine demanded to decrease
  e. a decrease in the price of margarine

Question 2

Which of the following will cause the demand curve for a normal good to shift to the right?
 a. a decrease in income
  b. an increase in the price of a complementary good
  c. a decrease in the price of the good
  d. an increase in the price of a substitute good
  e. an expectation of a future price decline


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jul 1, 2018
Wow, this really help

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Peanut butter is good source of protein Peanut butter is good source of protein
Nuts are also a good source of dietary fibre Nuts are also a good source of dietary fibre
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Butter chicken Indian food cuisine Butter chicken Indian food cuisine
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library