An increase in the price of butter is likely to cause the demand for:
A) olive oil to increase.
B) olive oil to decrease.
C) butter to increase.
D) butter to decrease.

Name: An increase in the price of butter is likely to cause the demand for: A) olive oil to increase. B) olive oil to decrease. C) butter to increase. D) butter to decrease.
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Question

Quizplus · Accepted Answer

When the price of butter increases, consumers may look for substitutes like olive oil, leading to an increase in the demand for olive oil.

An Increase in the Price of Butter Is Likely to Cause