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Two Goods Are Substitutes If

Question 8

Multiple Choice

Two goods are substitutes if:


A) the demand for one good decreases when the price of the other decreases.
B) the supply of one good decreases when the price of the other decreases.
C) the supply of one good decreases when the price of the other increases.
D) the demand for one good decreases when the price of the other increases.

Correct Answer:

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