Suppose the price of muffins decreases. (Assume that people regard donuts and muffins as substitutes) What way would a supply curve shift to the left or to the right? what way would a demand curve shift to the left or to the right? If donuts are a normal good, this will cause the demand for donuts to either increase or decrease?
Suppose the price of muffins decreases. (Assume that people regard donuts and muffins as substitutes) What way would a supply curve shift to the left or to the right? what way would a demand curve shift to the left or to the right? If donuts are a normal good, this will cause the demand for donuts to either increase or decrease?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What way would a supply curve shift to the left or to the right?
what way would a demand curve shift to the left or to the right?
If donuts are a normal good, this will cause the demand for donuts to either increase or decrease?
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