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A Decrease in the Price of a Good or Service

Question 196

Multiple Choice

A decrease in the price of a good or service leads to a(n) ________ that leads to a(n) ________.


A) decrease in demand; movement along the demand curve
B) increase in quantity demanded; movement along the demand curve
C) increase in demand; shift of the demand curve
D) decrease in quantity demanded; shift of the demand curve

Correct Answer:

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