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If goods J and K are substitutes, an increase in the price of J causes:
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Wize University Microeconomics Textbook > Demand and Supply
Demand
3 Activities
If goods J and K are substitutes, an increase in the price of J causes:
a) quantity demanded of J to fall and the demand curve for K to shift toward the origin.
b) a decrease in quantity demanded for J and an outward shift of K's demand curve.
c) quantity demanded of J remains constant, but the demand for K decreases.
d) the demand curve for both J and K shift.
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