Multiple Choice
A decrease in the price of ice cream is likely to cause:
A) an increase in the demand for ice cream cones due to a change in the price of a complementary good.
B) an increase in the demand for ice cream cones due to a change in the price of a substitute good.
C) an increase in the demand for ice cream cones due to a change in the preferences of consumers.
D) a decrease in the demand for ice cream cones due to a change in the price of a related good.
Correct Answer:
Verified
Correct Answer:
Verified
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