If bagels and donuts are considered substitute goods, then which of the following is likely to occur if the price of bagels is reduced? The demand curve for bagels will shift to the left. There will be a leftward movement along the bagel demand curve. The demand curve for donuts will shift to the left. The demand curve for donuts will shift to the right.
If bagels and donuts are considered substitute goods, then which of the following is likely to occur if the price of bagels is reduced? The demand curve for bagels will shift to the left. There will be a leftward movement along the bagel demand curve. The demand curve for donuts will shift to the left. The demand curve for donuts will shift to the right.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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Transcribed Image Text:If bagels and donuts are considered substitute goods, then which of the
following is likely to occur if the price of bagels is reduced?
The demand curve for bagels will shift to the left.
There will be a leftward movement along the bagel demand curve.
The demand curve for donuts will shift to the left.
The demand curve for donuts will shift to the right.
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