refer to the following figure(s). consumers view x and y as substitutes. if the price of y increases, you…

refer to the following figure(s). consumers view x and y as substitutes. if the price of y increases, you expect a movement in the market for x from\n\nb to a.\nf to e.\ne to f.\na to b.

refer to the following figure(s). consumers view x and y as substitutes. if the price of y increases, you expect a movement in the market for x from\n\nb to a.\nf to e.\ne to f.\na to b.

Answer

Brief Explanations:

When two goods X and Y are substitutes, an increase in the price of Y makes X relatively more attractive. So, the demand for X increases. An increase in demand is represented by a right - ward shift of the demand curve from D1 to D2 in the market for X. Movement along the demand curve occurs due to a change in the price of the good itself, but here the change is due to the price change of a substitute. Points E and F are on the demand curve for X. As demand for X increases due to the rise in the price of Y, we move from E to F.

Answer:

C. E to F