question 10 1 pts if bagels and doughnuts are substitute goods, then which scenario is likely to occur if…

question 10 1 pts if bagels and doughnuts are substitute goods, then which scenario is likely to occur if the price of bagels is reduced? the demand curve for doughnuts will shift to the right. there will be a leftward movement along the bagel demand curve. the demand curve for bagels will shift to the left. the demand curve for doughnuts will shift to the left.

question 10 1 pts if bagels and doughnuts are substitute goods, then which scenario is likely to occur if the price of bagels is reduced? the demand curve for doughnuts will shift to the right. there will be a leftward movement along the bagel demand curve. the demand curve for bagels will shift to the left. the demand curve for doughnuts will shift to the left.

Answer

Brief Explanations:

Substitute goods have a relationship where a change in the price of one affects the demand for the other. When the price of bagels (a substitute for doughnuts) is reduced, consumers will buy more bagels. As a result, they will buy fewer doughnuts at each price level, causing the demand curve for doughnuts to shift left. A change in the price of a good itself leads to a movement along its own demand - curve, not a shift.

Answer:

The demand curve for doughnuts will shift to the left.