Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
For substitute goods, an increase in the price of one good would shift the demand curve for the other good [...]
Answer
upward and to the right

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
For substitute goods, an increase in the price of one good would shift the demand curve for the other good [...]
Answer
?

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
For substitute goods, an increase in the price of one good would shift the demand curve for the other good [...]
Answer
upward and to the right
If you want to change selection, open original toplevel document below and click on "Move attachment"

Parent (intermediate) annotation

Open it
For substitute goods, an increase in the price of one good would shift the demand curve for the other good upward and to the right

Original toplevel document

4.4. Cross-price Elasticity of Demand: Substitutes and Complements
say, cabbage could very well empirically turn out to be complements even though we do not normally think of consuming coffee and cabbage together as a pair (i.e., that the price of coffee has a relation to the sales of cabbage). <span>For substitute goods, an increase in the price of one good would shift the demand curve for the other good upward and to the right. For complements, however, the impact is in the other direction: When the price of one good rises, the quantity demanded of the other good shifts downward and to the left.

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


Discussion

Do you want to join discussion? Click here to log in or create user.