Exhibit 3-9
Refer to Exhibit 3-9. Consumers view X and Y as substitutes. If the price of Y increases as a result of a decrease in the supply of Y, an economist would expect a movement in the market for X from
A) F to E.
B) A to B.
C) E to F.
D) B to A.
Correct Answer:
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Q103: An increase in the number of sellers
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