This would result in a slide down the demand curve. This would result in a slide up the demand curve. This would result the demand curve shifting to the left. This would result the demand curve shifting to the right.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
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This would result in a slide down the demand curve.
This would result in a slide up the demand curve.
This would result the demand curve shifting to the left.
This would result the demand curve shifting to the right.
Transcribed Image Text:This would result in a slide down the demand curve. This would result in a slide up the demand curve. This would result the demand curve shifting to the left. This would result the demand curve shifting to the right.
Consider the demand for a good illustrated in the figure below. Suppose the price of a substitute
decreases. What effect would this have in the graph?
p. Price
po
Do
Quantity
Transcribed Image Text:Consider the demand for a good illustrated in the figure below. Suppose the price of a substitute decreases. What effect would this have in the graph? p. Price po Do Quantity
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