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Exhibit 4-3 -If the Price of the Good Described in Exhibit 4-3

Question 157

Multiple Choice

Exhibit 4-3
Exhibit 4-3 -If the price of the good described in Exhibit 4-3 is $1.60, then an economist would expect the A) price to decrease to $1.40 B) price to decrease to $1.50 C) quantity supplied to increase to 50 units D) quantity demanded to increase to 80 units E) quantity demanded to increase to 90 units
-If the price of the good described in Exhibit 4-3 is $1.60, then an economist would expect the

A) price to decrease to $1.40
B) price to decrease to $1.50
C) quantity supplied to increase to 50 units
D) quantity demanded to increase to 80 units
E) quantity demanded to increase to 90 units

Correct Answer: