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    Managerial Economics Study Set 3
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    Exam 3: Demand and Supply
  5. Question
    The Effect on Sales of an Increase in Price Is
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The Effect on Sales of an Increase in Price Is

Question 39

Question 39

Multiple Choice

The effect on sales of an increase in price is a decrease in:


A) the quantity demanded.
B) demand.
C) supply.
D) the quantity supplied.

Correct Answer:

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