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Assume That Apples and Oranges Are Substitute Goods

Question 19

Multiple Choice

Assume that apples and oranges are substitute goods.Given the initial supply and demand curves for apples,a reduction in the price of oranges will tend to


A) increase the price of apples.
B) increase the demand for apples.
C) increase the demand for oranges.
D) decrease the demand for oranges.
E) decrease the price of apples.

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