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

Quizplus · Accepted Answer

When the price of Good X increases, the quantity demanded for Good X decreases, causing a movement up along the demand curve for Good X. Since Goods X and Y are substitutes, the increase in the price of Good X will increase the demand for Good Y, leading to a rightward shift in the demand curve for Good Y.

If Goods X and Y Are Substitutes, If the Price