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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Question

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 demand for B.
		lead to a decrease in demand for B.
		none of the statements associated with this question are correct.

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