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If the Apple IPhone and the Samsung Galaxy Are Considered

Question 223

Multiple Choice

If the Apple iPhone and the Samsung Galaxy are considered substitutes,then,other things being equal,an increase in the price of the iPhone will


A) decrease the demand for the iPhone.
B) increase the demand for the Galaxy.
C) increase the quantity demanded of the Galaxy.
D) increase the quantity demanded of the iPhone.

Correct Answer:

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