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    Exam 4: Supply and Demand: an Initial Look
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    If Price of a Good Rises, What Happens to Quantity
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If Price of a Good Rises, What Happens to Quantity

Question 150

Question 150

Multiple Choice

If price of a good rises, what happens to quantity demanded for that good?


A) It increases.
B) It decreases.
C) It does not change.
D) The answer depends upon the supply of the good.

Correct Answer:

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