If two goods are substitutes,then an increase in the price of one will cause:
A) a leftward shift of the demand curve for the other good.
B) a rightward shift of the demand curve for the other good.
C) a movement up and to the left along the demand curve for the other good.
D) a movement down and to the right along the demand curve for the other good.

Question

Quizplus · Accepted Answer

When two goods are substitutes, an increase in the price of one good makes the other good more attractive to consumers, leading to an increase in demand for the substitute good. This is represented by a rightward shift of the demand curve for the other good.

If Two Goods Are Substitutes,then an Increase in the Price