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    Exam 4: Elasticity: A Measure of Responsiveness
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    If Butter and Margarine Are Substitutes, Then an Increase in the Price
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If Butter and Margarine Are Substitutes, Then an Increase in the Price

Question 203

Question 203

True/False

If butter and margarine are substitutes, then an increase in the price of butter will reduce the demand for margarine.

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