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Two Goods Are Considered Substitutes Only If A(n) _____

Question 45

Multiple Choice

Two goods are considered substitutes only if a(n) _____


A) decrease in the demand for one good leads to a decrease in the supply of the other.
B) increase in the demand for one good leads to a decrease in the supply of the other.
C) increase in the price of one good leads to an increase in the demand for the other.
D) decrease in the price of one good leads to an increase in the demand for the other.
E) decrease in the supply of one good causes producers to switch to the production of the other.

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