. If there is a fall in the price of a close substitute for potato crisps, such as tortilla chips, this will cause A) a rightward shift of the demand curve and a move along the supply curve of potato crisps.B) a leftward shift of the demand curve and a move along the supply curve of potato crisps.C) a leftward shift of the demand curve and a rightward shift of the supply curve of potato crisps.D) a move along the demand curve and a leftward shift the supply curve of potato crisps

Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Answered: If there is a fall in the price of a…

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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. If there is a fall in the price of a close substitute for potato crisps, such as tortilla chips, this will cause

A) a rightward shift of the demand curve and a move along the supply curve of potato crisps.
B) a leftward shift of the demand curve and a move along the supply curve of potato crisps.
C) a leftward shift of the demand curve and a rightward shift of the supply curve of potato crisps.
D) a move along the demand curve and a leftward shift the supply curve of potato crisps

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