If two goods are substitutes,then a(n)
A) increase in the demand for one of them will cause its price to fall
B) increase the supply of one of them will cause its price to rise
C) increase in the price of one of them will cause the demand for the other to increase
D) increase in the price of one of them will cause the supply of the other to increase
E) decrease in the price of one of them will cause the demand for the other to increase

Question

Quizplus · Accepted Answer

When two goods are substitutes, an increase in the price of one good will lead to an increase in the demand for the other good, as consumers switch to the relatively cheaper substitute.

If Two Goods Are Substitutes,then A(n)