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    Macroeconomics Study Set 17
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    Exam 3: Where Prices Come From: The Interaction of Demand and Supply
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    If,in Response to a Decrease in the Price of Coffee,the
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If,in Response to a Decrease in the Price of Coffee,the

Question 173

Question 173

Multiple Choice

If,in response to a decrease in the price of coffee,the quantity of coffee demanded increases,then economists would describe this as


A) an increase in demand.
B) an increase in quantity demanded.
C) a change in consumer income.
D) an increase in consumers' taste for coffee.

Correct Answer:

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