Figure 3-1
-Refer to Figure 3-1.A decrease in the price of a substitute good would be represented by a movement from
A)A to B.
B)B to A.
C)D1 to D2.
D)D2 to D1.

Name: Figure 3-1 -Refer to Figure 3-1.A decrease in the price of a substitute good would be represented by a movement from A)A to B. B)B to A. C)D1 to D2. D)D2 to D1.
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Question

Figure 3-1 
-Refer to Figure 3-1.A decrease in the price of a substitute good would be represented by a movement from
A)A to B. 
B)B to A. 
C)D1 to D2. 
D)D2 to D1.

Quizplus · Accepted Answer

A decrease in the price of a substitute good would lead to a decrease in demand for the original good, shifting the demand curve from D2 to D1.

Figure 3-1 -Refer to Figure 3-1.A Decrease in the Price of a Price