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-Refer to the Above Figure

Question 437

Multiple Choice

-Refer to the above figure. Suppose that Cheerios and Apple Jacks are substitutes. Which diagram shows the effect on the demand for Cheerios when the price of Apple Jacks cereal has decreased? A) A B) B C) neither graph D) both graphs
-Refer to the above figure. Suppose that Cheerios and Apple Jacks are substitutes. Which diagram shows the effect on the demand for Cheerios when the price of Apple Jacks cereal has decreased?


A) A
B) B
C) neither graph
D) both graphs

Correct Answer:

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