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If Cigars and Cigarettes Are Substitute Goods, an Increase in the Price

Question 492

Multiple Choice

If cigars and cigarettes are substitute goods, an increase in the price of cigars would result in


A) an increase in the demand for cigarettes.
B) a decrease in the price of cigarettes.
C) a decrease in the demand for cigarettes.
D) a decrease in the demand for cigars.

Correct Answer:

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