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If American Cheese and Cheddar Cheese Are Substitutes,then Which of the Following

Question 158

Multiple Choice

If American cheese and cheddar cheese are substitutes,then which of the following would increase the demand for cheddar cheese?


A) a decrease in the price of cheddar cheese
B) an increase in the price of American cheese
C) a decrease in the price of American cheese
D) Both b and c are correct.

Correct Answer:

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