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29 Dec 2017

Use the figure below to answer the following questions. Price Quantity Figure 3.5.1 14) Initially, the demand curve for goodA is D2 in Figure 3.5.1. Suppose good B is a substitute for good A. If the price of B falls A) the price of A will rise. B) the equilibrium quantity of good A will increase. C) the demand curve for good A will shift from D2 to D3- D) there will be a surplus of good A at P2. E) all of the above are true except B.

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Nelly Stracke
Nelly StrackeLv2
30 Dec 2017
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