What Is the Effect on Product a of an Increase

question 73

Multiple Choice

What is the effect on product A of an increase in the price of substitute product B?

• A)It will cause an increase in the quantity demanded.
• B)It will cause an increase in demand.
• C)It will cause a decrease in demand.
• D)It will cause an increase in supply.
• E)It will cause a decrease in supply.

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