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26 Nov 2019
As the prices of goods and services increase, the value of money:
a. stays the same.
b. increases.
c. decreases.
d. increases initially and then decreases.
e. decreases initially and then increases.
As the prices of goods and services increase, the value of money:
a. stays the same.
b. increases.
c. decreases.
d. increases initially and then decreases.
e. decreases initially and then increases.
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As the number of available substitutes increases, the price elasticity of demand for a good:
| increases. |
| initially decreases then increases. |
| initially increases then decreases. |
| decreases. |
