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If the Price of Vanilla Ice Cream Increases, Everything Else

Question 97

Multiple Choice

If the price of vanilla ice cream increases, everything else remaining constant, it is likely that ___


A) the demand for vanilla ice cream will increase.
B) the demand for vanilla ice cream will decrease.
C) the demand for chocolate ice cream, a substitute, will increase.
D) the demand for chocolate ice cream, a substitute, will decrease.
E) the quantity demanded of vanilla ice cream will increase.

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