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Consider a Market for Cookies That Is Initially in Equilibrium

Question 87

Multiple Choice

Consider a market for cookies that is initially in equilibrium.For a given upward-sloping supply curve,the equilibrium price and equilibrium quantity of cookies is most likely to decline when:


A) the price of milk,a complement,increases.
B) consumer income increases.
C) the number of consumers increases.
D) the price of coffee,a complement,decreases.
E) price of crackers,a substitute,increases.

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