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If the Price of Apple Pies Rose to $100 Per

Question 345

Multiple Choice

If the price of apple pies rose to $100 per pie,consumers would purchase fewer pies than if the price were $5 per pie.If the price of ice cream fell to $0.30 per scoop,consumers would purchase more ice cream than if the price were $5 per scoop.These relationships illustrate the


A) law of demand.
B) law of supply.
C) difference between normal and inferior goods.
D) difference between substitute and complement goods.

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