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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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    When the Price of a Good Rises,consumers Buy a Smaller
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When the Price of a Good Rises,consumers Buy a Smaller

Question 137

Question 137

Multiple Choice

When the price of a good rises,consumers buy a smaller quantity because of the ________ effect and the ________ effect.


A) substitution; income
B) normal; inferior
C) substitute; complement
D) supply; demand

Correct Answer:

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