If two goods are substitutes, then an increase in the price of one of them will increase the demand for the other.
举一反三
- If two goods are substitutes, then an increase in the price of one of them will increase the demand for the other. A: 错 B: 对
- 中国大学MOOC: If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curve for apple juice to the left.
- An increase in demand for a good will lead to a larger increase in price if the supply is relatively elastic.
- Which of the following can be predicted to increase the demand for labor? a. An increase in the price of a gross complement to labor b. A decrease in the price of a gross substitute for labor c. A decrease in the number of firms d. An increase in product demand A: An increase in the price of a gross complement to labor B: A decrease in the price of a gross substitute for labor C: A decrease in the number of firms D: An increase in product demand
- Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply