Introduction to Economics 1 Deneme Sınavı Sorusu #1126416

If green tea and black tea are substitutes, what happens if the price for black tea increases


Quantity demanded of black tea does not change.

Demand green tea does not change.

Demand for green tea shifts left.

Quantity demanded of black tea falls

Demand for Green tea shifts down.


Yanıt Açıklaması:

If green tea and black tea are substitutes then the increase in the price of black tea leads to the shift of the demand for green tea to the right; neither left nor down. In this case the demand curve for the black tea does not change. Simply the quantity of black tea demanded decreases.

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