An increase in the price of a substitute good will shift the demand curve for a good to the right.

Name: An increase in the price of a substitute good will shift the demand curve for a good to the right.
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Question

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When the price of a substitute good increases, consumers are likely to switch their demand to the related good, thus increasing its demand and causing the demand curve for that good to shift to the right.

An Increase in the Price of a Substitute Good Will