Holding Everything Else Constant,a Decrease in the Price of GPS

question 193

Multiple Choice

Holding everything else constant,a decrease in the price of GPS systems will result in

• A)an decrease in the quantity of GPS systems demanded.
• B)an increase in the demand for GPS systems.
• C)a decrease in the supply of GPS systems.
• D)an increase in the quantity of GPS systems demanded.

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Definitions:

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