Multiple Choice
Use the figure below to answer the following question(s) .
Figure 3-13
Refer to Figure 3-13. The market for margarine was initially in equilibrium at point e. Other things constant, a decrease in the price of butter, a close substitute for margarine, would likely move the equilibrium in this market toward point
A) r.
B) s.
C) t.
D) u.
Correct Answer:
Verified
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