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8) Consider butter and margarine, which are substitutes. When the price of butter falls, the demand curve for margarine is likely to A) shift to the right. B) shift to the left. C) remain stationary. D) remain stationary, although its price will fall. E) remain stationary, although its price will rise.

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Related questions

A decrease in the number of sellers in the market causes:

A. The supply curve to shift left

B. The supply curve to shift right

C. A movement up and to the right along a stationary supply curve

D. A movement downward and to the left along a stationary supply curve

The price of peanuts increases. At the same time, we see the price of Jelly rise. How does this affect the market for peanut butter?

A. the demand curve will shift to the left; the supply curve will shift to the left.

B. the demand curve will shift to the left; the supply curve will shift to the right.

C. the demand curve will shift to the right; the supply curve will shift to the left.

D. the demand curve will shift to the right; the supply curve will shift to the right.

I understand that the supply curve shifts to the left, but how does the demand curve shift to the right considering the price of its complement product (Jelly) increased? I've learned that the increase in the price of a complement product makes demand decrease. Could you please explain why the answer is C.?

48) Goods X and Y are substitutes for consumers and substitutes in production. The price of a resource used to produce good X falls. The equilibrium quantity of good Y will and the equilibrium price of good Y will A) remain the same; rise B) decrease; rise or fall depending on relative shifts of the demand and supply curves C) decrease; remain the same D) remain the same; fall E) increase, decrease, or remain the same depending on relative shifts of the demand and supply curves; fall

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