If the prices of substitute goods decrease,the demand curve will shift to the _ and the price will _.

A) right; fall
B) left; fall
C) right; rise
D) left; rise

Question

If the prices of substitute goods decrease,the demand curve will shift to the _____ and the price will _____.A) right; fallB) left; fallC) right; riseD) left; rise

Karmen Ruszo · Accepted Answer

Final Answer : B, Explanation :  When the prices of substitute goods decrease, consumers are more likely to purchase those substitutes instead of the original good, leading to a decrease in demand for the original good. This causes the demand curve to shift to the left, and as a result, the price of the original good will also fall due to decreased demand.

If the prices of substitute goods decrease,the demand curve will shift to the _ and the price will _.

A) right; fall
B) left; fall
C) right; rise
D) left; rise

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