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20 May 2018
Use the figure below to answer the following questions. Price PD Quantity Figure 3.5.1 12) Initially, the demand curve for good A is D2 in Figure 3.5.1. Suppose good B is a substitute for good A. If the price of B falls A) the demand curve for good A will shift from D2 to D3. B) there will be a surplus of good A at P2. C) the equilibrium quantity of good A will increase. D) the price of A will rise. E) all of the above are true except B.
Use the figure below to answer the following questions. Price PD Quantity Figure 3.5.1 12) Initially, the demand curve for good A is D2 in Figure 3.5.1. Suppose good B is a substitute for good A. If the price of B falls A) the demand curve for good A will shift from D2 to D3. B) there will be a surplus of good A at P2. C) the equilibrium quantity of good A will increase. D) the price of A will rise. E) all of the above are true except B.
Reid WolffLv2
22 May 2018
