If butter and margarine are substitutes and the price for margarine increases,all of the following will result except

A) the quantity demanded for margarine will fall.
B) the price of butter will rise.
C) the demand for margarine will fall.
D) the demand for butter will rise.

Question

Shahe Irfana · Accepted Answer

Final Answer : C, Explanation :  When the price of margarine increases, it does not directly cause the demand for margarine to fall; instead, it leads to a decrease in the quantity demanded. Demand refers to the willingness and ability of consumers to purchase goods at different prices, while quantity demanded refers to the specific amount of goods consumers are willing to buy at a particular price. Changes in price affect the quantity demanded, not the demand itself.

If butter and margarine are substitutes and the price for margarine increases,all of the following will result except

A) the quantity demanded for margarine will fall.
B) the price of butter will rise.
C) the demand for margarine will fall.
D) the demand for butter will rise.

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Learning Objectives

Learning Objectives

Related questions

If butter and margarine are substitutes and the price for margarine increases,all of the following will result exceptA) the quantity demanded for margarine will fall.B) the price of butter will rise.C) the demand for margarine will fall.D) the demand for butter will rise.

Definitions

Learning Objectives

Learning Objectives

Related questions

If butter and margarine are substitutes and the price for margarine increases,all of the following will result except

A) the quantity demanded for margarine will fall.
B) the price of butter will rise.
C) the demand for margarine will fall.
D) the demand for butter will rise.