If Tastes for a Good Decreased and the Price of a Substitute

question 50

Multiple Choice

If tastes for a good decreased and the price of a substitute good decreased at the same time, as a result:

• A)​prices would rise.
• B)​prices would fall.
• C)​larger quantities to be exchanged.
• D)​we would not know which direction either prices or quantities exchanged would be altered without more information.

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