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-If Price INCREASES from $40 to $60, an Arrow Representing

Question 55

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-If price INCREASES from $40 to $60, an arrow representing the PRICE effect A) will point upward. B) will point downward. C) will be longer than (and in opposite direction of) the arrow representing the quantity effect. D) will be shorter than (and in the opposite direction of) the arrow representing the quantity effect. E) both a and c
-If price INCREASES from $40 to $60, an arrow representing the PRICE effect


A) will point upward.
B) will point downward.
C) will be longer than (and in opposite direction of) the arrow representing the quantity effect.
D) will be shorter than (and in the opposite direction of) the arrow representing the quantity effect.
E) both a and c

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