Refer to the information provided in Figure 3.7 below to answer the following question(s) . Figure 3.7
-Refer to Figure 3.7. If pizza and hamburgers are substitutes, an increase in the price of hamburgers will cause a movement from Point B on demand curve D₂ to

Question

Refer to the information provided in Figure 3.7 below to answer the following question(s) .

Figure 3.7
-Refer to Figure 3.7. If pizza and hamburgers are substitutes, an increase in the price of hamburgers will cause a movement from Point B on demand curve D₂ to

Quizplus · Accepted Answer

When the price of a substitute good (in this case, hamburgers) increases, consumers will tend to buy more of the other good (pizza), shifting the demand curve for pizza to the right, from D₂ to a new demand curve, which is represented by choice B.

Refer to the Information Provided in Figure 3