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Author Question: An increase in the price of butter, a substitute good, would be most likely to cause a. a rightward ... (Read 36 times)

Mr3Hunna

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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


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perkiness

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


Mr3Hunna

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
:D TYSM

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