Business, 15.12.2021 22:00 lulu5351

An increase in the price of a substitute good (Psub↑), leaves the market of the main good with..

(a) equilibrium price falling (P* down), equilibrium quantity rising (Q* up).
(b) equilibrium price falling (P* down), equilibrium quantity falling (Q* down).
(c) equilibrium price rising (P* up), equilibrium quantity rising (Q* up).
(d) equilibrium price rising (P* up), equilibrium quantity falling (Q* down).
(e) none of the above.

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An increase in the price of a substitute good (Psub↑), leaves the market of the main good with..

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