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Suppose That When the Price of Ice Cream Increases, Liza

Question 156

Multiple Choice

Suppose that when the price of ice cream increases, Liza buys less hot fudge.To Liza,


A) ice cream and hot fudge are complements.
B) ice cream and hot fudge and substitutes.
C) ice cream and hot fudge are normal goods.
D) ice cream is a normal good and hot fudge is an inferior good.

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