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If Consumers Expected the Price of a Good to Increase

Question 147

Multiple Choice

If consumers expected the price of a good to increase in the near future and the price of a complement good decreased at the same time, as a result:


A) ​prices would rise.
B) ​prices would fall.
C) ​larger quantities to be exchanged.
D) ​both prices and quantities exchanged would increase.

Correct Answer:

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