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An Increase in the Price of Heinz Ketchup Is Likely

Question 88

Multiple Choice

An increase in the price of Heinz ketchup is likely to cause a(n) _____ in the demand for Hunt's ketchup, due to a change in _____.


A) increase; consumer preferences
B) increase; the price of a substitute good
C) decrease; consumer preferences
D) increase; the price of a complementary good

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