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The Impact of an Increase in the Price of a Particular

Question 1

Multiple Choice

The impact of an increase in the price of a particular good is illustrated as a


A) movement downward and to the right along its demand curve.
B) rightward shift in its demand curve.
C) leftward shift in its demand curve.
D) rightward shift in its demand curve AND a movement upward and to the left along its demand curve.
E) movement upward and to the left along its demand curve.

Correct Answer:

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