Suppose that bicycles and skateboards are substitute goods. All else equal, if the price of bicycles decreases, there will be:.a. an upward movement upward along the bicycle demand curve. b. a downward movement along the skateboard demand curve. c. a decrease in the demand curve for skateboards. d. an increase in the demand curve for bicycles.

C

Explanation:

Substitute goods are goods that can be used in place of each other by consumers.

If the price of bicycles declines, there would be a movement down along the demand curve for bicycles.

The decrease in the price of bicycles leads to a shift in the demand curve for skateboards and not a movement along the demand curve for bicycles.

If the price of bicycles decreases, consumers would increase their demand for bicycles and demand less of skateboards. This would lead to a leftward shift of the demand curve for skateboards or a decrease in the demand curve for skateboards

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