a rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented…

a rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented by a rightward shift in the demand curve. a. true b. false for substitutes, a change in the price of a product will cause a change in demand in the product will cause a change in demand in the direction for the other good. for complements, a change in the price of a good. a. opposite; same b. same; opposite c. same; same d. opposite; opposite

a rise in demand is represented by a leftward shift in the demand curve, and a fall in demand is represented by a rightward shift in the demand curve. a. true b. false for substitutes, a change in the price of a product will cause a change in demand in the product will cause a change in demand in the direction for the other good. for complements, a change in the price of a good. a. opposite; same b. same; opposite c. same; same d. opposite; opposite

Answer

Brief Explanations:

For substitutes, when the price of one product changes, consumers will switch to the other substitute, causing demand for the other to change in the same direction. For complements, they are used together, so a change in the price of one causes a change in demand for the other in the opposite direction. Also, a rise in demand is represented by a right - ward shift in the demand curve and a fall by a left - ward shift, so the statement about shifts is false.

Answer:

  1. A. same; opposite
  2. B. False