When the Relative Price of a Good Increases,consumers Respond by Buying

question 152

Multiple Choice

When the relative price of a good increases,consumers respond by buying

• A)a larger quantity of that good and a larger quantity of substitutes for that good.
• B)a larger quantity of that good and a smaller quantity of substitutes for that good.
• C)a smaller quantity of that good and a larger quantity of substitutes for that good.
• D)a smaller quantity of that good and a smaller quantity of substitutes for that good.

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Definitions:

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Strategies and practices aimed at minimizing prejudicial beliefs and unjust behavior towards certain groups.

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