Home » Economics » An increase in the demand for butter reduces the demand for margarine, this type of…An increase in the demand for butter reduces the demand for margarine, this type of… An increase in the demand for butter reduces the demand for margarine, this type of demand is called A. competitive demand B. elastic demand C. derived demand D. composite demand Correct Answer: Option A Explanation Related Posts Given that Y = C + I and C = bY where b = 0.8,… Which of the following may not be included in explaining the term production? The shape of the average cost (AC) shows that as production increases The relationship between the value of money and the price level is? Foreign exchange rate in a free market economy is determined by? Lord Keynes identified three motives for holding money, that is, keeping one’s resources in liquid…
