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Use the Following Diagram to Answer the Following Questions

Question 88

Multiple Choice

Use the following diagram to answer the following questions.
Use the following diagram to answer the following questions.    -Refer to Cocaine. Suppose the price of cocaine increases from P₁ to P₂. The quantity of cocaine the casual user demands will fall to: A)  Q₁. B)  Q₂. C)  Q<sub>3</sub>. D)  0.
-Refer to Cocaine. Suppose the price of cocaine increases from P₁ to P₂. The quantity of cocaine the casual user demands will fall to:


A) Q₁.
B) Q₂.
C) Q3.
D) 0.

Correct Answer:

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