Why does demand for substitutes tend to move in the opposite direction from
each other?
A. Wh...
Advanced Placement (AP), 09.02.2021 19:10 jjxt126
Why does demand for substitutes tend to move in the opposite direction from
each other?
A. When the price of a good goes up, consumers shift their demand
to its substitute,
B. Substitute goods tend to have inelastic demand.
C. One of the substitutes is usually elastic, while the other is
inelastic
D. Substitute goods have perfect unit elasticity for each other.
Answers: 3
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