Ssooon 42. If the price of good A increasesrelative to the price of substitutesB and C, the demand forA. O B will increaseB. O C will increaseC. O Both B and C will increaseD. O B and C will decrease

To find : According to scenario what will happen im change of price .

Answered: If the price of good A increases…

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If the price of good A increases relative to the price of substitutes Rand C the demand for

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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Ssooon

42. If the price of good A increases
relative to the price of substitutes
B and C, the demand for
A. O B will increase
B. O C will increase
C. O Both B and C will increase
D. O B and C will decrease

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