If Consumers Expected the Price of a Good to Increase

question 147

Multiple Choice

If consumers expected the price of a good to increase in the near future and the price of a complement good decreased at the same time, as a result:

• A)​prices would rise.
• B)​prices would fall.
• C)​larger quantities to be exchanged.
• D)​both prices and quantities exchanged would increase.

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Definitions:

Edit Photo Album

The process of making adjustments or modifications to a collection of digital photographs.

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A type of digital presentation or slideshow that compiles and displays images in a structured format, often used for sharing memories or showcasing photography.

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A feature in presentation software that allows users to adjust the dimensions and aspect ratio of the slides in a presentation.