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How Does the Price and Quantity Change for a Crab

Question 65

Multiple Choice

How does the price and quantity change for a crab claws if the price of lobster tails, a substitute in consumption to crab claws, decreases?


A) Price increases, and quantity decreases.
B) Price decreases, and quantity increases.
C) Price decreases, and quantity decreases.
D) Price increases, and quantity increases.

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