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A Decrease in Demand for a Good Generally Implies That

Question 148

Multiple Choice

A decrease in demand for a good generally implies that:


A) consumers are willing to pay a higher price for each unit of the good.
B) consumers are willing to buy larger quantities of the good at each price.
C) the demand curve for the good has shifted to the right.
D) the demand curve for the good has become steeper.
E) the demand curve for the good has shifted to the left.

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