Question

1- A (rise/fall) _____________ in the price of substitute goods will increase the demand for our product.

2- A (rise/fall) _____________ in the prices of a complementary good will decrease the demand for our product.

3- When population increases, the demand curve for a product shifts to the (left/right) _____________.

4- Other things remaining the same, a rise in the price of a product will shift the demand curve of a _____________ (product itself/substitute good/complementary good) to the right

5- State one factor that will cause the demand curve to shift to the right_____________________________________

6- State one factor that will cause the Supply curve to shift to the right. __________________________________________________

Answer 1

Answer:

1..fall

2..rise

3..right

4..product itself..

5..Fall in its price is a major factor..

6.. Don't know sry..

But hope it helps....

Pls don't forget to follow me..

Answer 2

Answer:

Answer:

1..fall

2..rise

3..right

4..product itself..

5..Fall in its price is a major factor..

6.. Don't know sry..

But hope it helps....

Pls don't forget to follow me..