Multiple Choice
Two goods are said to be substitutes in consumption if
A) An increase in the price of one leads to a fall in the demand for the other
B) An increase in the price of one leads to an increase in the demand for the other
C) An increase in the price of one leads to an increase in the supply of the other
D) A fall in the price of one leads to an increase in the demand for the other
E) A decrease in the price of one leads to a decrease in the supply of the other
Correct Answer:
Verified
Correct Answer:
Verified
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