decrease in the price of a certain good A when B is a substitute would: have no effect on the quantity demanded of B. lead to an increase in demand for B. lead to a decrease in demand for B. none of the statements associated with this question are correct
decrease in the price of a certain good A when B is a substitute would: have no effect on the quantity demanded of B. lead to an increase in demand for B. lead to a decrease in demand for B. none of the statements associated with this question are correct
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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2 A decrease in the price of a certain good A when B is a substitute would:
have no effect on the quantity demanded of B. |
||
lead to an increase in |
||
lead to a decrease in demand for B. |
||
none of the statements associated with this question are correct. |
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