Ceteris Paribus, If the Price of a Digital Camera Rises

question 93

Multiple Choice

Ceteris paribus, if the price of a digital camera rises, then we can expect

• A) An increase in the demand for digital cameras.
• B) An increase in the quantity demanded of digital cameras.
• C) A decrease in the demand for digital cameras.
• D) A decrease in the quantity demanded of digital cameras. Quantity demanded and price are inversely related.

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