Multiple Choice
Use the figure below to answer the following question(s) .
Figure 3-3
-In Figure 3-3, if the initial demand for margarine were D1, the impact of a decrease in the price of butter, a substitute good for margarine, would be illustrated as
A) a shift in the demand curve to D2.
B) a shift in the demand curve to D3.
C) a movement downward to the right along the original demand curve D1.
D) none of the above.
Correct Answer:
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