Multiple Choice
Assuming that the demand curve for cookies is downward sloping, if the price of cookies falls from $1.50 to $1.25 per dozen,
A) then the demand for cookies will fall.
B) then the demand for cookies will rise.
C) then a larger quantity of cookies will be demanded.
D) then a smaller quantity of cookies will be demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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