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If the Price of Grapefruit Rises, the Substitution Effect Due

Question 3

Multiple Choice
If the price of grapefruit rises, the substitution effect due to the price change will cause
A)a decrease in the demand for grapefruit.
B)a decrease in the demand for oranges, a substitute for grapefruit.
C)a decrease in the quantity of grapefruit demanded.
D)a decrease in the quantity of grapefruit supplied.

If the price of grapefruit rises, the substitution effect due to the price change will cause


A) a decrease in the demand for grapefruit.
B) a decrease in the demand for oranges, a substitute for grapefruit.
C) a decrease in the quantity of grapefruit demanded.
D) a decrease in the quantity of grapefruit supplied.

Correct Answer:

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