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Use the Following Diagram to Answer the Following Questions

Question 100

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 decreases from P₂ to P₁. The quantity of cocaine the addict demands will increase: A)  from Q<sub>3</sub> to Q₂. B)  from Q<sub>3</sub> to Q₁. C)  from Q₂ to Q<sub>3</sub>. D)  from Q₂ to Q₁.
-Refer to Cocaine. Suppose the price of cocaine decreases from P₂ to P₁. The quantity of cocaine the addict demands will increase:


A) from Q3 to Q₂.
B) from Q3 to Q₁.
C) from Q₂ to Q3.
D) from Q₂ to Q₁.

Correct Answer:

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