If bagels and croissants are substitute goods,which of the following is likely to occur if the price of bagels falls?

Question

Quizplus · Accepted Answer

If bagels and croissants are substitute goods, a decrease in the price of bagels will make them relatively more attractive to consumers than croissants. This will cause a shift in consumer demand away from croissants and towards bagels, resulting in a leftward shift in the demand curve for croissants. Therefore, the best choice is D, i.e. a shift to the left in the demand curve for croissants.

If Bagels and Croissants Are Substitute Goods,which of the Following