If Goods X and Y are substitutes, if the price of Good X decreases, this will cause a movement _________the demand curve for Good X and a __________ shift in the demand for Good Y.

Question

If Goods X and Y are substitutes, if the price of Good X decreases, this will cause a movement  _________the demand curve for Good X and a  __________ shift in the demand for Good Y.

Quizplus · Accepted Answer

A decrease in the price of Good X will cause a movement down the demand curve for Good X (as quantity demanded increases), and a leftward shift in the demand for Good Y (as consumers switch to the now cheaper Good X).

If Goods X and Y Are Substitutes, If the Price