Consider butter and margarine, which are substitutes. When the price of butter falls, the demand curve for margarine is likely to

Name: Consider butter and margarine, which are substitutes. When the price of butter falls, the demand curve for margarine is likely to
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When the price of butter falls, consumers are likely to buy more butter instead of margarine, leading to a decrease in the demand for margarine. This causes the demand curve for margarine to shift to the left.

Consider Butter and Margarine, Which Are Substitutes