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A 20% Increase in the Price of Rubber Ducks Leads

Question 15

Multiple Choice

A 20% increase in the price of rubber ducks leads to a 10% decrease in the quantity demanded of soap.Therefore:


A) The two goods are unrelated
B) The two goods are substitutes
C) The two goods are complements
D) The demand for rubber ducks is price elastic
E) The supply of soap is inelastic

Correct Answer:

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