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Sarah's Demand Curve for Whiskey Has the Same Slope as Pete's;however,it

Question 46

Multiple Choice

Sarah's demand curve for whiskey has the same slope as Pete's;however,it lies to the right of Pete's.An increase in the price of whiskey will cause


A) Sarah to incur a greater loss of consumer surplus than Pete will.
B) Pete to incur a greater loss of consumer surplus than Sarah will.
C) Sarah and Pete to incur the same loss of consumer surplus.
D) Sarah's demand curve to shift closer to Pete's.

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