When two goods are substitutes, a shock that raises the price of one good causes the price of the other good to
A) remain unchanged.
B) decrease.
C) increase.
D) change in an unpredictable manner.
C
Economics
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Marginal utility theory implies that, starting from consumer equilibrium, a rise in income will __________.
Economics
Which of the following would not shift the demand curve for beef?
A. A widely publicized study that indicates beef increases one's bad cholesterol levels B. An effective advertising campaign by pork producers C. A reduction in the price of cattle feed D. A change in the incomes of beef consumers
Economics