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Oatmeal Is a Normal Good and Cold Cereal Is a Substitute

Question 363

Multiple Choice

Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal?


A) a decrease in income
B) an increase in the price of cold cereal
C) a decrease in population
D) an increase in the price of raisins

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