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8- If two goods are substitutes in consumption, a(n): Question 19 options: a- de

ID: 1187676 • Letter: 8

Question

8- If two goods are substitutes in consumption, a(n): Question 19 options:
a- decrease in the price of one product will cause an increase in the demand for the other product.
b- decrease in the price of one product will cause a decrease in the demand for the other product.
c- increase in the price of one product will cause an increase in the supply of the other product.
d- increase in the price of one product will cause a decrease in the supply of the other product.
e- increase in the price of one product will cause a decrease in the demand for the other product. 8- If two goods are substitutes in consumption, a(n): 8- If two goods are substitutes in consumption, a(n):
a- decrease in the price of one product will cause an increase in the demand for the other product.
b- decrease in the price of one product will cause a decrease in the demand for the other product.
c- increase in the price of one product will cause an increase in the supply of the other product.
d- increase in the price of one product will cause a decrease in the supply of the other product.
e- increase in the price of one product will cause a decrease in the demand for the other product. a- decrease in the price of one product will cause an increase in the demand for the other product. b- decrease in the price of one product will cause a decrease in the demand for the other product. c- increase in the price of one product will cause an increase in the supply of the other product. d- increase in the price of one product will cause a decrease in the supply of the other product. e- increase in the price of one product will cause a decrease in the demand for the other product.
a- decrease in the price of one product will cause an increase in the demand for the other product.
b- decrease in the price of one product will cause a decrease in the demand for the other product.
c- increase in the price of one product will cause an increase in the supply of the other product.
d- increase in the price of one product will cause a decrease in the supply of the other product.
e- increase in the price of one product will cause a decrease in the demand for the other product.

Explanation / Answer

b- decrease in the price of one product will cause a decrease in the demand for the other product.

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