asked 122k views
0 votes
All else constant, if butter and margarine are substitute goods, then as the price of butter rises,

a. the demand for margarine will fall
b. the quantity of butter demanded will fall
c. the demand for butter will fall
d. the demand for butter will rise
e. butter and margarine will become complementary goods, provided that butter is a normal good

1 Answer

5 votes
A) has to be the answer
answered
User Tom Cumming
by
8.5k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories