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Which of the Following Explains Why the Quantity of a Good

Question 150

Multiple Choice

Which of the following explains why the quantity of a good demanded decreases when its price increases?


A) ​Consumer preferences change when the price of a good changes.
B) ​The nominal income of consumers falls when the price of a good increases.
C) ​Substitutes become relatively cheaper when the price of a good increases.
D) ​Complements become relatively cheaper when the price of a good increases.

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