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Suppose When the Price of Hybrid Automobiles Rises,consumers Buy Fewer

Question 53

Multiple Choice

Suppose when the price of hybrid automobiles rises,consumers buy fewer hybrid automobiles.This implies that


A) there is a positive relationship between hybrid automobile prices and quantities purchased by consumers.
B) there is a negative relationship between hybrid automobile prices and quantities purchased by consumers.
C) there is a direct relationship between hybrid automobile prices and quantities purchased by consumers.
D) there is a one-to-one relationship between hybrid automobile prices and quantities purchased by consumers.

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