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If a and B Are Substitutes and the Price of a Rises,we

Question 21

Multiple Choice

If A and B are substitutes and the price of A rises,we will observe


A) an increase in the equilibrium price and the equilibrium quantity of B.
B) a decrease in the equilibrium price and the equilibrium quantity of B.
C) an increase in the equilibrium price but a decrease in the equilibrium quantity of B.
D) a decrease in equilibrium price but an increase in the equilibrium quantity of B.
E) a decrease in the demand for A.

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