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Commerce · Q585

Economics

Graduate and Post Graduate · Commerce · question 585

Q585

For most consumers apples and oranges are substitute goods. Therefore, we would expect a rise in the price of apples to lead to

A.
a right ward shift in the demand curve of oranges
Answer
B.
a left ward shift in the supply curve of apples
C.
a downward change in the demand curve of oranges
D.
a fall in the price of oranges

Answer: Option A

Solution

Answer: Option A
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