A decrease in the price of a substitute shifts the demand curve to the _______

a. right
b. left
c. it does not change the demand curve
d. none of the above

b

Economics

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Price controls

a. always produce a fair outcome. b. always produce an efficient outcome. c. can generate inequities of their own. d. All of the above are correct.

Economics

Nominal GDP in the United States was higher in 2012 than in 1950, but Real GDP was higher in 1950 than in 2012

Indicate whether the statement is true or false

Economics