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Other Things Being Equal, the Effect of an Increase in the Price

Question 23

Multiple Choice

Other things being equal, the effect of an increase in the price of Coca-Cola would cause a(n) :


A) upward movement along the demand curve for Coca-Cola.
B) leftward shift in the demand curve for Coca-Cola.
C) downward movement along the demand curve for Coca-Cola.
D) rightward shift in the demand curve for Coca-Cola.

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