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If Both Matches and Automobile Prices Increase by 10 Percent

Question 190

Multiple Choice

If both matches and automobile prices increase by 10 percent, consumers will likely buy


A) fewer matches and approximately the same quantity of automobiles.
B) approximately the same quantity of matches and fewer automobiles.
C) fewer matches and fewer automobiles.
D) approximately the same quantity of both matches and automobiles.

Correct Answer:

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