Assume that there is an increase in the price of a substitute in production. This would cause the _______ curve to shift to the _______. a. supply, left b. demand, right c. demand, left d. supply, right

Assume that there is an increase in the price of a substitute in production. This would cause the _ curve to shift to the _. a. supply, left b. demand, right c. demand, left d. supply, right

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 3QCMC

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Assume that there is an increase in the price of a substitute in production. This would cause the _______ curve to shift to the _______.

a. supply, left

b. demand, right

c. demand, left

d. supply, right

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