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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.
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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