If bagels and croissants are substitute goods, which of the following is likely to occur if the price of bagels has decreased?
A) The demand curve for bagels shifts to the right.
B) A leftward movement along the bagel demand curve.
C) The demand curve for croissants shifts to the right.
D) The demand curve for croissants shifts to the left.

Question

Quizplus · Accepted Answer

When the price of bagels decreases, consumers are likely to buy more bagels instead of croissants, leading to a decrease in the demand for croissants. This is represented by a leftward shift in the demand curve for croissants.

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