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If Pencils and Paper Are Complements for Most Consumers, Then

Question 132

Multiple Choice

If pencils and paper are complements for most consumers, then if the price of paper increases, you would expect:


A) the equilibrium price and quantity of pencils to fall.
B) the equilibrium price and quantity of pencils to rise.
C) the equilibrium price of pencils to fall and the equilibrium quantity of pencils to rise.
D) the equilibrium price of pencils to rise and the equilibrium quantity of pencils to fall.

Correct Answer:

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