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If the Price of Hot Dogs Were to Decrease, We

Question 135

Multiple Choice
If the price of hot dogs were to decrease, we would expect the equilibrium price of hot dog buns in the hot dog bun market to

If the price of hot dogs were to decrease, we would expect the equilibrium price of hot dog buns in the hot dog bun market to


A) decrease and the quantity of hot dog buns sold to increase.
B) increase and the quantity of hot dog buns sold to decrease.
C) increase and the quantity of hot dog buns sold to increase.
D) decrease and the quantity of hot dog buns sold to decrease.
E) stay the same and the quantity of hot dog buns sold to increase.

Correct Answer:

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