Other Things Being Equal, the Effect of an Increase in the Price

question 23

Multiple Choice

Other things being equal, the effect of an increase in the price of Coca-Cola would cause a(n) :

• A) upward movement along the demand curve for Coca-Cola.
• B) leftward shift in the demand curve for Coca-Cola.
• C) downward movement along the demand curve for Coca-Cola.
• D) rightward shift in the demand curve for Coca-Cola.

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Definitions:

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