Q322
If the price of good A increases relative to the price of substitutes B and C, the demand for
A.
B will increase
B.
C will increase
C.
Both B and C will increase
AnswerD.
B and C will decrease
Answer: Option C
Solution
Answer: Option C
Solution:
If the price of good A increases relative to the price of substitutes B and C, the demand for Both B and C will increase.